Tech Giants Could Face Fines Worth Up to 5 Percent of Annual Turnover Under Proposed Australian Laws

Tech Giants Could Face Fines Worth Up to 5 Percent of Annual Turnover Under Proposed Australian Laws

Tech giants could face billions of dollars in fines for failing to tackle disinformation under proposed Australian laws, which a watchdog on Monday said would bring “mandatory” standards to the little-regulated sector. Under the proposed legislation, the owners of platforms like Facebook, Google, Twitter, TikTok and podcasting services would face…