Over the past two years, the widespread impact of fake news has made a lot of people start taking it a lot more seriously. Companies are starting to be held accountable for the spread of fake news and the adverse effect that it is having on the world in general. A recent report by Reuters has revealed that the EU is particular displeased with big tech companies, mainly Facebook, Google and Twitter, for not doing enough to prevent fake news from spreading on a regular basis.
This comes after a pledge that the companies made about six months ago that they would work together to stop the spreading of fake news on their various platforms. It seems like the companies have not been true to their word, and this has made them face the ire of the European Union in a really big way. A report they recently released detailed the various ways in which they feel like tech companies have not done enough after their voluntary pledge. Europe’s governing body has given these companies some more time to sort things out, but if they do not handle everything by the end of the year they are going to deal with much stricter regulations overall.
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This comes after a pledge that the companies made about six months ago that they would work together to stop the spreading of fake news on their various platforms. It seems like the companies have not been true to their word, and this has made them face the ire of the European Union in a really big way. A report they recently released detailed the various ways in which they feel like tech companies have not done enough after their voluntary pledge. Europe’s governing body has given these companies some more time to sort things out, but if they do not handle everything by the end of the year they are going to deal with much stricter regulations overall.
"By the end of 2019, the Commission will carry out a comprehensive assessment of the Code's initial 12-month period. Should the results prove unsatisfactory, the Commission may propose further actions, including of a regulatory nature.", explained European Commission.The EU has been widely known for being very strict with tech companies, fining both Facebook and Google millions upon millions of dollars for various infractions that they have committed. Some consider this kind of meddling from a governing body to be concerning, while others say that it is necessary to ensure that these companies are held accountable.
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