World News

22063 readers

10 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

153

Social media giants to face multimillion-dollar fines for spreading fake news (12ft.io)

submitted 1 year ago by Los@beehaw.org to c/news@beehaw.org

24 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] downforwardbackbackhighkick@kbin.social 8 points 1 year ago (1 children)

Fines of "$2.75 million or 2 per cent of global turnover – whichever is higher."
ayyy now we're cookin

[–] lucien@beehaw.org 4 points 1 year ago

All penalties for to large organizations should be based on global turnover. Not only that, they should have a third metric which is based off the calculated benefit the company gained by breaking the regulation.

So if Meta complains it would cost $X to moderate effectively, they should be fined $X * 3 or whatever. If Amazon saves $500B by misclassifyjng its drivers as contractors, they should be fined $1.5T. If the company needs to file for bankruptcy because it was based on illegal practices, so be it.