Well, Facebook are under hot-soup. Their Fake news is really roaming around the internet and Germany are not loving it, although,other countries has closed down the Facebook server in their country.
Facebook now faces the possibility of massive fines for each piece of misinformation. The proposed legislation would levy a €500,000 ($523,320) fine if Facebook and other social networks failed to remove offending messages containing hate speech or fake news.
The language used suggests this would be for all social media sites, although Social Democratic Party parliamentary chairman Thomas Oppermann did single out Facebook specifically in comments to Der Spiegel.
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.
Germany makes up approximately 36.8 million of Facebook’s nearly 2-billion users. It’s nestled between The Philippines and UK for eighth on the list of most users by country. It’d be a blow, but not a knockout. Well, lets watch.