U.S. billionaire Elon Musk, owner of social media platform X, on Thursday (November 21) criticized Australia's proposed law to ban social media for children under 16 and fine social media platforms of up to A$49.5 million ($32 million) for companies for systemic breaches. However an Australian Cabinet minister on Friday rejected X Corp. owner Elon Musk’s allegation that the government intended to control all Australians' access to the internet through legislation that would ban young children from social media. #elonmusk #socialmedia #moneycontrol Subscribe: https://bit.ly/moneycontrolyoutube Follow us: Visit https://www.moneycontrol.com/ Facebook: https://www.facebook.com/moneycontrol/ Twitter: http://www.twitter.com/moneycontrolcom Instagram: https://www.instagram.com/moneycontrolcom/