Australia to fine social media companies 10% of global revenues, jail time

"Australia will fine social media and web hosting companies up to 10 percent of their annual global turnover and imprison executives for up to three years if violent content is not removed "expeditiously" under a new law."

This is ridiculously over the top, imho. 10% of global revenues is: ~300 million for Twitter ~1.6 billion for Facebook ~1.5 billion for Youtube

This law is already in effect. Referring to the "expeditiously":

"The gunman broadcasted his attack live on Facebook and it was widely shared for over an hour before being removed, a timeframe Australian Prime Minister Scott Morrison described as unacceptable."

Zuck should just pull out of Australia and cease all operations there. Not like it's a big market anyway