IBOV 176,444.54 ▼ 0.62% IPSA 10,924.91 ▼ 0.77% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,340,763 ▼ 1.15% COLCAP 2,298.59 ▲ 0.07% BVL PERÚ 57,575.02 — — USD/BRL5.09▲ 0.69% USD/MXN17.53▲ 0.78% USD/CLP946.74▲ 1.19% USD/COP3,201▼ 0.81% USD/PEN3.39▼ 0.24% USD/ARS1,489▲ 0.40% USD/UYU40.14▲ 1.16% USD/PYG6,025▲ 1.20% USD/BOB11.03▲ 3.57% USD/DOP57.95▼ 0.09% USD/CRC451.03▲ 2.18% USD/GTQ7.62▲ 2.29% USD/HNL26.74▲ 0.88% USD/NIO36.62▲ 0.31% USD/VES736.04▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.48% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 0.13% BRENT 100.74 ▲ 7.09% WTI 92.15 ▲ 6.13% IRON ORE 161.91 — — COPPER 6.32 ▼ 2.08% GOLD 4,050 ▼ 2.35% SILVER 57.86 ▼ 3.61% SOY 1,241 ▲ 0.65% CORN 486.75 ▲ 5.36% WHEAT 694.50 ▼ 1.59% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 68.84 ▼ 0.23% PETR4 43.21 ▲ 1.48% VALE3 75.64 ▲ 0.72% ITUB4 42.41 ▼ 1.14% BBDC4 18.74 ▼ 1.21% ABEV3 15.85 ▼ 1.74% BBAS3 20.90 ▼ 0.90% B3SA3 15.61 ▼ 1.82% WEGE3 45.15 ▼ 3.40% PRIO3 61.06 ▲ 2.16% SUZB3 42.38 ▼ 0.66% RENT3 36.95 ▼ 0.51% AZZA3 17.07 ▼ 4.16% CSAN3 3.88 ▼ 1.02% RAIZ4 0.27 — 0.00% PCAR3 2.83 ▲ 2.91% GMAT3 3.85 ▼ 1.53% PSSA3 55.15 ▼ 0.54% CVCB3 1.30 ▲ 2.36% POSI3 3.61 ▼ 2.43% SLCE3 13.77 ▼ 1.36% NATU3 8.59 ▼ 1.04% BRKM5 6.26 ▲ 3.13% RANI3 7.92 ▼ 1.00% CSNA3 5.35 ▼ 0.56% CMIN3 5.85 ▲ 0.17% USIM5 8.51 ▼ 1.62% GGBR4 24.18 ▲ 0.50% ENEV3 25.59 ▼ 1.46% CPFE3 46.34 ▼ 0.79% CMIG4 11.20 ▼ 0.09% EQTL3 38.95 ▼ 1.02% LREN3 13.31 ▼ 1.70% VIVT3 34.69 ▼ 1.95% RAIL3 13.99 ▲ 2.57% KLABIN 17.62 ▼ 1.73% RAIA DROGASIL 18.24 ▼ 0.27% RDOR3 33.76 ▼ 2.12% HAPV3 10.63 ▼ 6.67% FLRY3 16.64 ▼ 0.06% SMTO3 15.80 ▼ 1.56% UGPA3 33.31 ▲ 1.46% VBBR3 35.54 ▲ 1.60% BBSE3 42.60 ▲ 0.05% BPAC11 56.00 ▼ 1.79% CURY3 29.58 ▼ 2.05% AERI3 2.06 ▲ 0.49% VIVARA 21.60 ▲ 0.23% COMPASS 25.19 ▲ 1.53% VAMOS 3.17 ▼ 1.86% SANB11 26.57 ▼ 1.41% ASAI3 8.04 ▼ 4.29% SBSP3 28.96 ▼ 1.13% WALMEX 46.97 ▼ 3.45% GMEXICO 209.31 ▼ 2.65% FEMSA 223.40 ▼ 1.91% CEMEX 21.49 ▼ 3.07% GFNORTE 190.86 ▼ 0.40% BIMBO 59.30 ▼ 1.66% TELEVISA 9.87 ▲ 0.51% AMX 22.98 ▲ 1.28% GAP 380.04 ▲ 0.88% ASUR 269.67 ▼ 1.41% OMA 228.59 ▼ 0.05% KOF 180.91 ▼ 0.95% GRUMA 273.55 ▼ 2.46% KIMBER 39.23 ▲ 1.06% SQM-B 65,877 ▲ 1.26% COPEC 6,472 ▼ 1.19% BSANTANDER 79.16 ▼ 0.86% FALABELLA 6,092 ▲ 0.83% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,047 ▼ 2.12% BANCO CHILE 190.14 ▼ 1.74% LATAM AIR 23.57 ▼ 2.16% YPF 82,950 ▲ 0.55% GGAL 8,030 ▼ 2.96% PAMPA 5,670 ▲ 0.80% TXAR 677.50 ▲ 1.42% ALUAR 981.00 ▲ 0.72% TGS 10,030 ▲ 1.26% CEPU 2,407 ▼ 0.17% MIRGOR 16,875 ▼ 0.30% COME 42.83 ▼ 0.72% LOMA NEGRA 3,773 ▼ 0.98% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,270 ▼ 3.39% ECOPETROL 16.59 ▼ 0.60% BANCOLOMBIA 86.14 ▲ 1.75% GRUPO AVAL 4.91 ▼ 2.58% CREDICORP 388.97 ▼ 1.19% SOUTHERN COPPER 183.22 ▼ 6.27% BUENAVENTURA 31.31 ▼ 2.43% MERCADOLIBRE 1,794 ▼ 0.29% NUBANK 14.16 ▼ 2.45% XP 16.89 ▼ 2.40% PAGSEGURO 9.35 ▼ 3.36% STONE 10.91 ▼ 3.96% GLOBANT 30.11 ▼ 1.83% TECNOGLASS 43.30 ▼ 4.25% GAP AIRPORT 217.15 ▼ 0.18% ASUR 269.67 ▼ 1.41% OMA AIRPORT 104.38 ▼ 0.92% AMX ADR 26.21 ▲ 0.34% FEMSA ADR 127.55 ▼ 2.58% CEMEX ADR 12.25 ▼ 3.70% PETROBRAS ADR 19.14 ▲ 1.30% VALE ADR 14.84 ▼ 0.10% ITAU ADR 8.33 ▼ 1.77% SANTANDER BR 5.34 ▼ 2.02% AMBEV ADR 3.09 ▼ 1.75% CSN 1.07 ▼ 2.29% GERDAU 4.76 ▼ 0.25% LATAM ADR 49.76 ▼ 2.93% BTC 64,808 ▼ 1.96% ETH 1,880 ▼ 2.79% SOL 75.73 ▼ 2.79% XRP 1.10 ▼ 3.25% BNB 566.97 ▼ 0.66% ADA 0.17 ▼ 2.82% DOGE 0.07 ▼ 5.05% AVAX 6.27 ▼ 5.24% LINK 8.47 ▼ 1.75% DOT 0.81 ▼ 2.30% LTC 46.78 ▼ 0.62% BCH 210.33 ▼ 4.38% TRX 0.33 ▼ 0.60% XLM 0.18 ▼ 2.65% HBAR 0.07 ▼ 0.86% NEAR 1.88 ▲ 0.70% ATOM 1.42 ▼ 3.17% AAVE 95.42 ▼ 1.99% SELIC 14.25% EMBRAER 83.68 ▼ 0.13% EMBRAER ADR 65.68 ▼ 0.56% JBS 12.08 ▼ 1.43% JBS BDR 61.34 ▼ 0.74% MBRF3 15.67 ▼ 2.25% MBRFY 3.05 ▼ 4.39% INTER 5.43 ▼ 4.66% IBOV 176,444.54 ▼ 0.62% IPSA 10,924.91 ▼ 0.77% IPC MEX 67,298.78 ▲ 0.88% MERVAL 3,340,763 ▼ 1.15% COLCAP 2,298.59 ▲ 0.07% BVL PERÚ 57,575.02 — — USD/BRL 5.09 ▲ 0.69% USD/MXN 17.53 ▲ 0.78% USD/CLP 946.46 ▲ 1.16% USD/COP 3,201 ▼ 0.81% USD/PEN 3.39 ▼ 0.24% USD/ARS 1,489 ▲ 0.40% USD/UYU 40.14 ▲ 1.16% USD/PYG 6,025 ▲ 1.20% USD/BOB 11.03 ▲ 3.57% USD/DOP 57.95 ▼ 0.09% USD/CRC 451.03 ▲ 2.18% USD/GTQ 7.62 ▲ 2.29% USD/HNL 26.74 ▲ 0.88% USD/NIO 36.62 ▲ 0.31% USD/VES 736.04 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.48% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 0.13% BRENT 100.74 ▲ 7.09% WTI 92.15 ▲ 6.13% IRON ORE 161.91 — — COPPER 6.32 ▼ 2.08% GOLD 4,050 ▼ 2.35% SILVER 57.86 ▼ 3.61% SOY 1,241 ▲ 0.65% CORN 486.75 ▲ 5.36% WHEAT 694.50 ▼ 1.59% COFFEE 310.75 ▼ 1.86% SUGAR 14.68 ▼ 0.41% ORANGE JUICE 145.50 ▼ 3.19% COTTON 81.53 ▲ 2.08% COCOA 5,367 ▲ 0.73% BEEF 221.48 ▼ 0.77% CATTLE 340.13 ▼ 0.31% LITHIUM 68.84 ▼ 0.23% PETR4 43.21 ▲ 1.48% VALE3 75.64 ▲ 0.72% ITUB4 42.41 ▼ 1.14% BBDC4 18.74 ▼ 1.21% ABEV3 15.85 ▼ 1.74% BBAS3 20.90 ▼ 0.90% B3SA3 15.61 ▼ 1.82% WEGE3 45.15 ▼ 3.40% PRIO3 61.06 ▲ 2.16% SUZB3 42.38 ▼ 0.66% RENT3 36.95 ▼ 0.51% AZZA3 17.07 ▼ 4.16% CSAN3 3.88 ▼ 1.02% RAIZ4 0.27 — 0.00% PCAR3 2.83 ▲ 2.91% GMAT3 3.85 ▼ 1.53% PSSA3 55.15 ▼ 0.54% CVCB3 1.30 ▲ 2.36% POSI3 3.61 ▼ 2.43% SLCE3 13.77 ▼ 1.36% NATU3 8.59 ▼ 1.04% BRKM5 6.26 ▲ 3.13% RANI3 7.92 ▼ 1.00% CSNA3 5.35 ▼ 0.56% CMIN3 5.85 ▲ 0.17% USIM5 8.51 ▼ 1.62% GGBR4 24.18 ▲ 0.50% ENEV3 25.59 ▼ 1.46% CPFE3 46.34 ▼ 0.79% CMIG4 11.20 ▼ 0.09% EQTL3 38.95 ▼ 1.02% LREN3 13.31 ▼ 1.70% VIVT3 34.69 ▼ 1.95% RAIL3 13.99 ▲ 2.57% KLABIN 17.62 ▼ 1.73% RAIA DROGASIL 18.24 ▼ 0.27% RDOR3 33.76 ▼ 2.12% HAPV3 10.63 ▼ 6.67% FLRY3 16.64 ▼ 0.06% SMTO3 15.80 ▼ 1.56% UGPA3 33.31 ▲ 1.46% VBBR3 35.54 ▲ 1.60% BBSE3 42.60 ▲ 0.05% BPAC11 56.00 ▼ 1.79% CURY3 29.58 ▼ 2.05% AERI3 2.06 ▲ 0.49% VIVARA 21.60 ▲ 0.23% COMPASS 25.19 ▲ 1.53% VAMOS 3.17 ▼ 1.86% SANB11 26.57 ▼ 1.41% ASAI3 8.04 ▼ 4.29% SBSP3 28.96 ▼ 1.13% WALMEX 46.97 ▼ 3.45% GMEXICO 209.31 ▼ 2.65% FEMSA 223.40 ▼ 1.91% CEMEX 21.49 ▼ 3.07% GFNORTE 190.86 ▼ 0.40% BIMBO 59.30 ▼ 1.66% TELEVISA 9.87 ▲ 0.51% AMX 22.98 ▲ 1.28% GAP 380.04 ▲ 0.88% ASUR 269.67 ▼ 1.41% OMA 228.59 ▼ 0.05% KOF 180.91 ▼ 0.95% GRUMA 273.55 ▼ 2.46% KIMBER 39.23 ▲ 1.06% SQM-B 65,877 ▲ 1.26% COPEC 6,472 ▼ 1.19% BSANTANDER 79.16 ▼ 0.86% FALABELLA 6,092 ▲ 0.83% ENELAM 84.53 — 0.00% CENCOSUD 1,980 ▼ 1.48% CMPC 1,047 ▼ 2.12% BANCO CHILE 190.14 ▼ 1.74% LATAM AIR 23.57 ▼ 2.16% YPF 82,950 ▲ 0.55% GGAL 8,030 ▼ 2.96% PAMPA 5,670 ▲ 0.80% TXAR 677.50 ▲ 1.42% ALUAR 981.00 ▲ 0.72% TGS 10,030 ▲ 1.26% CEPU 2,407 ▼ 0.17% MIRGOR 16,875 ▼ 0.30% COME 42.83 ▼ 0.72% LOMA NEGRA 3,773 ▼ 0.98% BYMA 292.50 ▼ 1.02% TELECOM ARG 4,270 ▼ 3.39% ECOPETROL 16.59 ▼ 0.60% BANCOLOMBIA 86.14 ▲ 1.75% GRUPO AVAL 4.91 ▼ 2.58% CREDICORP 388.97 ▼ 1.19% SOUTHERN COPPER 183.22 ▼ 6.27% BUENAVENTURA 31.31 ▼ 2.43% MERCADOLIBRE 1,794 ▼ 0.29% NUBANK 14.16 ▼ 2.45% XP 16.89 ▼ 2.40% PAGSEGURO 9.35 ▼ 3.36% STONE 10.91 ▼ 3.96% GLOBANT 30.11 ▼ 1.83% TECNOGLASS 43.30 ▼ 4.25% GAP AIRPORT 217.15 ▼ 0.18% ASUR 269.67 ▼ 1.41% OMA AIRPORT 104.38 ▼ 0.92% AMX ADR 26.21 ▲ 0.34% FEMSA ADR 127.55 ▼ 2.58% CEMEX ADR 12.25 ▼ 3.70% PETROBRAS ADR 19.14 ▲ 1.30% VALE ADR 14.84 ▼ 0.10% ITAU ADR 8.33 ▼ 1.77% SANTANDER BR 5.34 ▼ 2.02% AMBEV ADR 3.09 ▼ 1.75% CSN 1.07 ▼ 2.29% GERDAU 4.76 ▼ 0.25% LATAM ADR 49.76 ▼ 2.93% BTC 64,808 ▼ 1.96% ETH 1,880 ▼ 2.79% SOL 75.73 ▼ 2.79% XRP 1.10 ▼ 3.25% BNB 566.97 ▼ 0.66% ADA 0.17 ▼ 2.82% DOGE 0.07 ▼ 5.05% AVAX 6.27 ▼ 5.24% LINK 8.47 ▼ 1.75% DOT 0.81 ▼ 2.30% LTC 46.78 ▼ 0.62% BCH 210.33 ▼ 4.38% TRX 0.33 ▼ 0.60% XLM 0.18 ▼ 2.65% HBAR 0.07 ▼ 0.86% NEAR 1.88 ▲ 0.70% ATOM 1.42 ▼ 3.17% AAVE 95.42 ▼ 1.99% SELIC 14.25% EMBRAER 83.68 ▼ 0.13% EMBRAER ADR 65.68 ▼ 0.56% JBS 12.08 ▼ 1.43% JBS BDR 61.34 ▼ 0.74% MBRF3 15.67 ▼ 2.25% MBRFY 3.05 ▼ 4.39% INTER 5.43 ▼ 4.66%
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Thursday, July 23, 2026

Brazil Politics - Brazil

Google and Meta Warn of Free Speech Risks After Brazil’s Supreme Court Ruling on Tech Liability

By · June 27, 2025 · 2 min read

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Google and Meta, the parent company of Facebook, Instagram, and WhatsApp, have publicly raised concerns about freedom of expression following a pivotal ruling by Brazil’s Supreme Court.

On June 26, 2025, the court voted 8 to 3 to expand the legal responsibility of digital platforms for content posted by users, marking a major shift in the country’s regulatory landscape.

Both companies stated that the new rules could impact not only free speech but also the broader digital economy. Meta warned that weakening Article 19 of Brazil’s Internet Civil Framework introduces legal uncertainty and increases the risks of doing business in Brazil.

Google echoed this sentiment, emphasizing that the changes could affect the company’s products and the digital economy as a whole. Both firms stressed their ongoing willingness to engage in dialogue with Brazilian authorities as they assess the full implications of the decision.

The Supreme Court’s ruling alters the previous legal standard, which only held platforms liable if they failed to remove illegal content after a court order.

Google and Meta Warn of Free Speech Risks After Brazil’s Supreme Court Ruling on Tech Liability
Google and Meta Warn of Free Speech Risks After Brazil’s Supreme Court Ruling on Tech Liability. (Photo Internet reproduction)
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Now, platforms must act on private notifications from users or third parties to remove a wide range of unlawful material, including hate speech, incitement to violence, and other serious offenses.

For personal offenses such as defamation, the requirement for a court order remains. The court also ruled that platforms are responsible for paid advertisements and sponsored content, unless they can prove proactive removal of illegal material.

Brazil’s Top Court Imposes Landmark Rules on Digital Platforms

The decision follows months of debate and opposition from major tech companies, who argued that no major democracy has implemented such a broad liability regime for digital platforms.

Google, for example, previously suggested it might limit its operations in Brazil depending on the outcome, citing the potential for stricter requirements similar to those imposed during the 2024 election cycle, when it halted political ad sales due to new transparency rules.

Brazil’s Supreme Court justified the move by pointing to the need for greater protection of fundamental rights and public safety online, given the failure of Congress to update digital regulations.

The court president, Luís Roberto Barroso, stated that the decision aims to preserve freedom of expression while preventing the normalization of hate speech and crime on the internet.

For the business community, the ruling brings new compliance challenges and potential costs. Platforms will need to invest in more robust content moderation and legal review processes.

The increased risk of litigation and operational constraints could influence investment decisions and the future of digital innovation in Brazil, a market with over 212 million people.

As the new rules take effect, global tech companies and local businesses alike must adapt to a stricter regulatory environment. The coming months will reveal how these changes reshape Brazil’s digital landscape and influence the balance between free expression, user protection, and business interests.

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