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Tech firms asks US supreme court to block Texas social media law

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Friday, July 1, 2022
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Tech firms asks US supreme court to block Texas social media law

Tech firms asks US supreme court to block Texas social media law

Lobbying groups representing Facebook, Twitter, Google and other tech companies filed an emergency request with the U.S. Supreme Court, seeking to block a Texas law that prohibits large social media platforms from banning users based on their political views. The Texas law went into effect when the 5th U.S. Circuit Court of Appeals granted the state’s request for a stay of a district judge’s injunction blocking the law.

The law forbids social media companies with more than 50 million active users per month from banning members based on their political views and requires them to publicly disclose how they moderate content. It was signed into law by Texas Governor Greg Abbott, a Republican, in September. Internet lobbying groups NetChoice and the Computer & Communications Industry Association filed a lawsuit against the measure. U.S. District Judge Robert Pitman in Austin, Texas, issued a preliminary injunction.

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Pitman had found that the law would harm social media companies’ free speech rights under the First Amendment of the U.S. Constitution. The tech groups, asked the Supreme Court to allow the District Court’s careful reasoning to remain in effect while an orderly appellate process plays out.

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Russia evades default through sheer force of will; Kremlin speaks

Russia evades default through sheer force of will; Kremlin speaks

Global economies struggle as oil supplies tighten, volatile stakes

G7 fixate on stricter sanctions to impose on Russia, oil rates wobble

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

People’s Bank empowers local youth with People’s Spark Entrepreneurship Development Programme

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

People’s Bank and CA Sri Lanka to offer SME Mentoring Program

Russia may be driven into default, Eurobonds due in payment

Russia may be driven into default, Eurobonds due in payment

Asia shares falls on worries over inflation, Fed outlook

An insightful glimpse of the market during the inflation period

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