The frenzied 2016 election cycle mercifully is over, but Facebook's fake news problem isn't going away. The company may face steep fines in Germany if it fails to address it satisfactorily. A bill slated for consideration next year would establish fines of up to $500,000 euros per day for each day that a fake news story persisted after notification of its falsehood was provided. The legislation, which has bipartisan support, would apply to other sites as well, but Facebook clearly is its main target.
Friday, December 30, 2016
Germany Could Ding Facebook for Fake News
The frenzied 2016 election cycle mercifully is over, but Facebook's fake news problem isn't going away. The company may face steep fines in Germany if it fails to address it satisfactorily. A bill slated for consideration next year would establish fines of up to $500,000 euros per day for each day that a fake news story persisted after notification of its falsehood was provided. The legislation, which has bipartisan support, would apply to other sites as well, but Facebook clearly is its main target.
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