We all know that how the Social Media Giant Facebook was criticized for promoting fake news. Hence, Germany announced that it could fine Facebook €500,000 for each fake news post.
Facebook Might Have To Pay €500,000 Fine For Each Fake News Post
We have seen how the Social Media Giant Facebook was criticized for promoting fake news, according to some users, lead-up to Donald Trump’s victory in the U.S election. Social networking giant Facebook has been accused of promoting fake and misleading news articles to be spread on the social media site without being checked.
Even, the US President Barack Obama also criticized the social media giant Facebook for spreading the fake news that favored the Donald Trump. Here’s what the US President Barack Obama quoted The Verge as saying “In an age where there’s so much active misinformation and it’s packaged very well and it looks the same when you see it on a Facebook page or you turn on your television,”.
So, now Facebook is actually doing something about it. Hence, the social media giant Facebook recently announced a series of steps they are taking to combat the fake news issue. The company is making it easier for users to report the fake news. You can report facebook about fake news by just clicking on the upper right-hand corner of the post.
As the Buzzfeed who describes itself as a “social news and entertainment company” found that top-performing fake news performed much better on the social network Facebook than the actual stories shared by the popular media websites during the US presidential election campaign.
But, it seems that Germany is not fully confident that the Social Media Giant Facebook can self-regulate its fake news issue. However, Facebook is now also working with the third-party fact checking agencies operating under Poynter’s International Fact Checking Code of Principles simply to regulate fake news issue.
So, now the social media giant Facebook likely to face massive fines for each piece of fake news or fake information. The proposed legislation would cost the social media giant Facebook a €500,000 (In US $523,320 and in Indian Rs.3,54,42,108) fine if the social media giant Facebook failed to remove all the messages containing hate speech or fake news or information.
However, the proposed rule is applied for all the social media sites. But, Thomas Oppermann, Chairman of the Social Democratic Party of Germany stated that “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”.
As the country like Germany makes up almost 36.8 million of the Social Media giant Facebook’s nearly 2-billion users. It is snuggled between The Philippines and the United Kingdom for eighth on the list of most users by country. So, It would be a big blow, but not a knockout.
Hence, Facebook is also working with the third-party fact checking agencies operating under Poynter’s International Fact Checking Code of Principles simply to counter Fake news and information. But, we all know that Facebook won’t be able to catch all the fake news. Therefore, make sure to report facebook if you noticed any fake news in your news feed.