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Germany Votes for 50M Euro Social Media Fines

PHOTO: YourNewsWire.com

By Joe Miller | 30 June 2017

BBC — Social media companies in Germany face fines of up to 50 million euros ($57.1 million) if they fail to remove “obviously illegal” content in time.

From October, Facebook, YouTube, and other sites with more than two million users in Germany must take down posts containing hate speech or other criminal material within 24 hours.

Content that is not obviously unlawful must be assessed within seven days.

The new law is one of the toughest of its kind in the world.

Failure to comply will result in a 5 million euro penalty, which could rise to 50 million euros depending on the severity of the offence. […]

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