Facebook and Google may face hefty EU fines for not removing terror propaganda and other harmful content
Under the new Digital Services Act, tech platforms could be fined as much as 6% of global revenue
11 December 2020 - 11:39
New York — Social media and other tech platforms could face fines as high as 6% of global revenue if they don’t comply with orders to remove terror propaganda or other illegal posts, according to a draft of EU regulations seen by Bloomberg.
The plans by the EU come as regulators around the world crack down on powerful tech giants in an effort to restore competition to their markets. On Wednesday, Facebook was sued by US anti-trust officials and a coalition of states that want to unwind its acquisitions of Instagram and WhatsApp, alleging the deals were designed to illegally squash competition...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.