‘Fascists’: Elon Musk slams Australia’s misinformation law after it proposes 5% penalty on revenue for non-compliance

Elon Musk, the Tesla CEO and Space X founder, on Friday labelled Australia’s centre-left government “fascists.” This remark comes in response to the proposed legislation to impose fines on social media firms who fail to curb the spread of misinformation online.

On Thursday, Australia’s Labor government, announced a new legislation in Parliament. According to this law, social media platforms could face a penalty of up to 5% of their global revenue if found permitting misinformation on their internet platforms. This marks a step towards the worldwide push to control borderless tech giants. The outspoken tech billionaire described the misinformation law with one word – “Fascists”.