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…
100 Social Media Influencers Face Australian Probe Over Hidden Endorsements
January 29, 2023
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Controversial Influencers Accused of Spreading False Hindu Terrorist Rumours to Stoke Tensions in Leicester: Report
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…
Australian Financial Experts Welcome ASIC’s Warning to Unlicensed Financial Influencers
March 22, 2022
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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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