UK to fine Facebook & Google up to 4% value for not removing 'hate speech' & 'fake news' fast enough
The UK is rolling out a draconian new 'harmful content' policy that will punish social media with massive fines if they fail to remove ill-defined "hate speech," "misinformation," and "problematic content" quickly enough.
An "independent tech regulator" would have the power to impose fines amounting to as much as 4 percent of a company's value if Facebook, Google, or any other social media platform is too slow to remove objectionable content, according to UK digital minister Margot James, who told Business Insider the new rules would be officially unveiled next month. The regulations are purportedly aimed at eradicating "illegal hate speech," along with child grooming and "problematic content" related to suicide and self-harm, but also target the Western governments' beloved punching bag, "misinformation."
While the new regulator is supposed to be independent of government, it will be up to ministers to decide whether to set up a brand new body or just hand the responsibility for censoring objectionable content over to Ofcom - the same regulator which was recently found to be colluding with a government-funded "think tank" to tie up RT in regulatory red tape with astroturfed "complaints."
https://www.rt.com/uk/452714-uk-facebook-regulations-censorship/