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Australia has ditched plans to fine social media companies if they fail to stem the spread of misinformation, the country’s communications minister said Sunday
The proposed legislation outlined sweeping powers to fine tech companies up to five percent of their yearly turnover if they breached new online safety obligations.
Communications Minister Michelle Rowland said she had dumped the bill after running into significant opposition in the country’s senate.
“Based on public statements and engagements with senators, it is clear that there is no pathway to legislate this proposal through the senate,” she said in a statement.
Sometimes it’s better to just not fight the tech giants. Sometimes it’s better just to submit and bend the knee.
The billionaires and their companies own the world now.