Meta, Google, Twitter vow to fight fake news better as EU gets tougher - BusinessWorld Online

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Meta, Google, Twitter vow to fight fake news better as EU gets tougher - BusinessWorld Online
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Meta, Alphabet unit Google, Twitter, and Microsoft agreed 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.

BRUSSELS — 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.

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 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.

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