Or what if I link to a site that links to infringing content? I'm not allowed to share a link to www.illegalstuff.com, but can I link to www.totally-legal.co.uk, which has a link to illegalstuff.com? What if totally-legal.co.uk has a 302 redirect to illegalstuff.com? It totally-legal.co.uk an illegal link, even if that actual site doesn't contain illegal stuff?
That can be a standalone application and not a web page, so the initial assumption of "every hyperlink in a Web page" fails.