Big Tech Lobby Groups Challenge Florida's New Tech Law: Reuters

Internet lobbying groups NetChoice and Computer & Communications Industry Association (CCIA), including members like Facebook Inc FB, Twitter Inc TWTR, and Alphabet Inc’s GOOGL Google filed a lawsuit against Florida’s new law that barred the big social media companies from banning political candidates, Reuters reports.
The groups justified the First Amendment’s protection of social media platforms’ hosting and content moderation rights based on their business models.
The new law will make it easier to prosecute tech companies.
Interestingly, it also exempted companies that owned and operated theme parks or entertainment venues of over 25 acres, like The Walt Disney Co’s DIS.
Price action: FB shares traded lower by 0.53% at $330.97, TWTR shares traded higher by 0.40% at $58.31, and GOOG shares traded higher by 0.59% at $2,416.88 on the last check Friday.