👀 Ones to watch: The MOST undervalued stocks to buy right nowSee Undervalued Stocks

Mexican senator proposes regulating Facebook, Twitter to protect 'freedom of expression'

Published 2021-02-08, 08:20 p/m
© Reuters. FILE PHOTO: Illustration of 3D printed Facebook and Twitter logos on a computer motherboard
META
-

MEXICO CITY (Reuters) - A prominent senator from Mexico's ruling party has proposed regulating major social media networks, including Twitter and Facebook (NASDAQ:FB), to protect "freedom of expression", according to a draft bill reviewed by Reuters on Monday.

The proposed amendment to the federal telecommunications law would grant the IFT, Mexico's telecoms regulator, oversight in establishing a framework for the suspension and elimination of accounts on social networks.

The draft bill named Facebook, which is used by more than 90% of internet users in Mexico, Twitter, YouTube, Instagram and Snapchat as networks that would be covered by the reform aimed at "establishing the grounds and general principles of the protection of freedom of expression in social networks."

Ricardo Monreal, who leads President Andres Manuel Lopez Obrador's National Regeneration Movement (MORENA) party in the upper house, proposed the legislation and is seeking public comment.

Lopez Obrador has been critical of social media, including Facebook's decision to deactivate former U.S. President Donald Trump's account.

In January, Lopez Obrador singled out a Twitter employee in Mexico, suggesting his former connections to an opposition party could compromise the company's ability to be neutral.

© Reuters. FILE PHOTO: Illustration of 3D printed Facebook and Twitter logos on a computer motherboard

Representatives for Facebook and Twitter declined to comment.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.