According to information from Reuters and the Financial Times, the European Commission should take further action against Meta, the parent company of Facebook, Google, Twitter, Microsoft and TikTok, in order to combat forms of disinformation, in particular deepfakes and fake accounts. Companies that do not adhere to the new regulations could face heavy fines.
The new measures taken by the EU would oblige technology companies and social networks to share key data with the various countries in order to contribute to the fight against misinformation. A ”
disinformation code of practice update required technology companies to disclose how harmful content is removed and blocked. It also described more clearly examples of harmful content such as deepfakes, which are fake videos of people doing or saying things they never did.
The code of practice was introduced in 2018. According to Reuters, it will assess towards a co-regulatory scheme. Regulators and signatories shared responsibility. The Financial Times lists 30 signatories, including major tech companies and civil society groups.
Fines of up to 6% of turnover
Social networks and online technology companies will also need to better inform the public about factual sources. In particular, they will have to develop tools and partnerships with fact checkers to fight against “ harmful misinformation “. This could include removing propaganda and adding ” reliability indicators on independently verified information, according to the Financial Times.
Companies that violate the code could face fines of up to 6% of their worldwide turnover. Considering that companies such as Alphabet, Google’s parent company, and Meta had $257 billion and $117.93 billion in revenue, respectively, in 2021, that 6% would be a considerable sum.
The objective set for the actors concerned is not to provide a global solution for the whole of Europe, but rather to show, country by country, how they fight against disinformation.
We know that disinformation is in every country, and now the big platforms will have to provide meaningful data that will allow us to better understand the situation at the national level.
said Věra Jourová, EU Vice-President for Values and Transparency, as quoted by the Financial Times. She explained that Russian propaganda following the war in Ukraine shaped the update of the anti-disinformation code.
For the moment, Google, Meta, TikTok, Twitter and the European Commission have not reacted definitively to this information.
CNET.com article adapted by CNETFrance
Image: Sarah Tew/CNET