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WORLD LEADERS DECLARE WAR ON SOCIAL MEDIA AFTER SIEGE OF CAPITOL | ticker

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Facebook’s CEO has spoken for the first time.

Shares of large social media companies have fallen after world leaders increased pressure on big tech companies to rein in their power following the siege of the US Capitol building.

Donald Trump has been banned from major platforms, ahead of renewed antitrust hearings lead by Biden’s Democrats.

Meanwhile, the EU Cyber Commissioner has called for a crackdown on monopoly tech companies in Europe.

The attacks on the Capitol were discussed and planned on social media, giving new life to debates over legal protections given to companies like Twitter and Facebook.

Australia’s competition regulator has warned that planned laws to make the country the first in the world to force Google and Facebook to pay for news content were likely just the start of more regulation for digital platforms.

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