Social media giants like Facebook liable to €50M ‘hate speech’ fines in Germany

Germany will soon punish social media giants like Facebook, Twitter and YouTube with fines of up to €50 million (approximately $57 million) if they fail to take down illegal or offensive content within 24 hours. The rule will be enforced starting from October and will apply to all social media platforms with more than two million users. While websites will be required to remove hate speech and criminal material within a window of 24 hours, less obviously unlawful content will necessitate further assessment within seven days. The minimal penalty for breaking the the so-called Netzwerkdurchsetzungsgesetz (NetzDG) law starts from €5 million…

This story continues at The Next Web

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