Social media companies which fail to remove violent content face fines or jail time in Australia

Australia has announced tougher penalties on social media platforms to ensure they act on violent content. The laws threaten executives of social media companies with jail, and fines placed on these companies if they fail to remove "abhorrent violent material" from their platforms.  SEE ALSO: Facebook makes vague noises about 'restrictions' on live video after tragedy The amendment, only just announced by the country's prime minister on Saturday, was passed in Australia's parliament on Thursday...