HomeTop Global NewsTech Giants Ask Malaysia to Rethink Its Social Media License Plans

Tech Giants Ask Malaysia to Rethink Its Social Media License Plans

The Asia Internet Coalition (AIC), which consists of tech giants like Google, Facebook, and Instagram parent Meta, X (former Twitter), and LinkedIn, is asking the Malaysian government to rethink its previously announced plans for the introduction of social media licenses.

Earlier this month, the Malaysian Communications and Multimedia Commission (MCMC) shared plans to impose regulation changes that would require social media services and internet messaging services to apply for a license to continue operating in the country. The enforcement was scheduled for January 1, 2025.

Explaining the decision, MCMC said it strives to create a “safer online ecosystem and a better user experience.” However, the move attracted some criticism, including the argument that the government is trying to stifle freedom of speech.

Now, AIC is putting more pressure on MCMC to pause its social media license plans. In a letter sent on Friday, AIC said that the requirement would cause “unworkable” conditions for the industry while also hampering innovation opportunities. It also criticized the lack of consultations and said the plan brings uncertainty about the obligations of companies affected by it.

AIC proposed a delay of enforcement in order to give social media platforms more time to understand the plan and get much-needed clarity.

“No platform can be expected to register under these conditions,” AIC Managing Director Jeff Paine stated.

Warren Buffett to Step Down as Berkshire Hathaway CEO at the End of 2025

Warren Buffett is ready to step down as the CEO of multinational conglomerate Berkshire Hathaway. Buffet announced his decision while speaking at the company’s...

Microsoft Stock Soars on Better-Than-Expected Q3 Earnings

Microsoft reported better-than-expected third-quarter earnings on Wednesday, which caused the company's stock to soar by more than 8% in after-hours trading. Microsoft reported $3.46 in...

Gold Continues to Drop From Record Highs, Dollar Ends Its Slide

After reaching fresh record highs at the beginning of last week, gold has been in the midst of a continuous drop. Meanwhile, the U.S....