Facebook Could Be Fined 500,000 Euros For Each Fake News Post
Facebook is in hot water, and the reason is the ever so growing amount of fake news on the social networking platform. The social network made an announcement recently about their partnership with third-party fact-checkers, but Germany doesn't seem to think that would be effective enough.
Germany is planning to impose a fine on all social media platforms amounting to 500,000 Euros for failing to remove offending messages containing hate speech or fake news.
Although the fine applies to all social media networks, the Social Democratic Party parliamentary chairman, Thomas Opermann DID seem to be specifically talking about Facebook stating,
"Facebook did not avail itself of the opportunity to regulate the issue of complaint management itself. Now market dominating platforms like Facebook will be legally required to build a legal protection office in Germany that is available 24 hours a day, 365 days a year.If, after appropriate examination, Facebook does not delete the offending message within 24 hours, it should expect individual fines of up to 500,000 euros. Furthermore, at the request of the people concerned, there should be some form of remedy or correction within the same range of value."
But whether or not German authorities will be able to pick up the fine is a whole other issue. But it does highlight how much of a problem fake news has become, adding to the fact that Facebook has over 1.7 billion users, out of which a large percentage or maybe all of them are receiving misinformation to a certain extent is definitely a cause for concern.
But Facebook could make the point that the fake news content is all user generated, but the point still remains whether Facebook will be taking responsibility for the lack of regulation of news on their platform. But whether or not Germany will actually be able to get Facebook to pay a fine is still uncertain.