Meta and TikTok jointly protest against Australia's "double standard" regulation, while YouTube exempts from tearing apart social media fair competition.

Zhijing Finance and Economics APP learned that the Australian online regulatory agency is calling on the government to revoke a controversial decision - allowing Google (GOOGL.US) subsidiary YouTube to be exempt from the social media ban for under-16s. This rare intervention echoes the previous calls from competitors such as Facebook and TikTok.