In a move to address the unchecked influence of social media platforms, the Australian government has announced a parliamentary inquiry into the operations of major players like Meta Platforms Inc.‘s (NASDAQ:META) Facebook, ByteDance‘s TikTok, and X, owned by Elon Musk.
What Happened: The Australian government has expressed concerns over the lack of regulation and oversight on social media platforms, which have a significant impact on the content viewed by Australians. The inquiry will specifically focus on the platforms’ handling of violent content and their withdrawal from paying for news in Australia, Reuters reported.
“Across a range of issues, whether it be the issue of domestic violence, whether it be the radicalization of our young people, across a range of areas, something that keeps popping up over and over again is the role of social media,” Australian Prime Minister Anthony Albanese said. ...