Meta, Google, Twitter vow to fight fake news better as EU gets tougher
More than 30 signatories including advertising bodies have committed to the updated Code of Practice on disinformation, the European Commission said. The signatories agree to do more to tackle deep fakes, fake accounts and political advertising, while non-compliance can lead to fines as much as 6% of a company's global turnover, the EU executive said, confirming a Reuters report last week.
Meta, Alphabet unit Google, Twitter, and Microsoft agreed on Thursday to take a tougher line against disinformation under an updated EU code of practice that could hit them with hefty fines if they fail to do so. More than 30 signatories including advertising bodies have committed to the updated Code of Practice on Disinformation, the European Commission said.
The signatories agree to do more to tackle deep fakes, fake accounts, and political advertising, while non-compliance can lead to fines as much as 6% of a company's global turnover, the EU executive said, confirming a Reuters report last week. The companies, which include TikTok and Amazon's live streaming e-sports platform Twitch, have six months to comply with their pledges and will have to present a progress report at the beginning of 2023.
"The new code is a testimony that Europe has learned its lessons and that we are not naive any longer," Commission Vice-President Vera Jourova told a news conference. She said Russia's invasion of Ukraine, the COVID-19 pandemic, and Britain's withdrawal from the European Union accelerated the EU's crackdown on fake news.
Sanctions may include banning companies from Europe, EU industry chief Thierry Breton said. "If there is the consistent flouting of the rules, we can also think about stopping their access to our space of information," he told the news conference.
Critics such as the Association of Commercial Television and Video on Demand Services in Europe (ACT) said there were grave shortcomings in the revised Code. "The Review does not offer concrete commitments to limit 'impermissible manipulative behavior'. Commitments go no further than a blanket statement to follow the law which is obvious and does not require a Code," it said.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
Delhi CM Arvind Kejriwal sends reply to ED, says ready to answer its questions through video-conferencing; seeks date after Mar 12: Sources.
Kejriwal replies to ED, says ready to answer questions through video-conferencing after Mar 12
Taos Amrouche: Google Doodle Honors Iconic Algerian French Singer and Author
BJP's Barabanki candidate Upendra Singh Rawat says will not contest any poll till proven innocent in 'obscene video' case.
Obscene video case: Won't contest election till proven innocent, BJP MP Upendra Singh Rawat