Category: influencers

100 Social Media Influencers Face Australian Probe Over Hidden Endorsements

January 29, 2023
ACCCAlbanese governmentAustraliaBusiness & Marketseconomic policiesinfluencersInternationalKim KardashianSocial MediaSocial Media InfluencersStephen JonesTechTech NewsWorld
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YouTubers, Instagrammers, Facebookers, or TikTokers have been put on notice by Australia’s competition regulator over misleading or undeclared product endorsements. The move comes after the U.S. Securities and Exchange Commission fined celebrity Kim Kardashian $1 million (AU$1.45 million) in October 2022 for promoting a cryptocurrency brand without declaring she was being paid $250,000 for the…

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Controversial Influencers Accused of Spreading False Hindu Terrorist Rumours to Stoke Tensions in Leicester: Report

November 15, 2022
HinduinfluencersLeicesterterroristUKWorld
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Radical social media influencers pushed false claims that Hindu nationalist groups were behind attacks in Leicester, sparking a backlash against the Hindu community, a report has claimed. A new report by the national security think tank The Henry Jackson Society (pdf) claims that unrest has been falsely presented as involving organised Hindu extremist groups. Leicester saw…

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Australian Financial Experts Welcome ASIC’s Warning to Unlicensed Financial Influencers

March 22, 2022
ASICAustraliabusiness financebusiness investmentfinancefinancial adviceinfluencerinfluencersInvestmentinvestment advicesocial media influencerSocial Media InfluencersWorld
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Financial experts have welcomed the Australian Securities and Investments Commission’s (ASIC) warning to social media financial influencers for providing financial advice and services online without a license. ASIC stated that financial advice and services must be provided by licensees and that social media influencers, often called finfluencers, who provide financial product advice and financial services…

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