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		<title>Europe preparing tough legislation on major social media platforms</title>
		<link>https://internationalfinance.com/technology/europe-preparing-tough-legislation-on-major-social-media-platforms/#utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=europe-preparing-tough-legislation-on-major-social-media-platforms</link>
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		<pubDate>Tue, 21 Aug 2018 08:30:00 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
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					<description><![CDATA[<p>New laws will punish social media companies if they don’t remove terrorism-related content within an hour of it being flagged</p>
<p>The post <a href="https://internationalfinance.com/technology/europe-preparing-tough-legislation-on-major-social-media-platforms/">Europe preparing tough legislation on major social media platforms</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>The news rules are being made after concluding that a voluntary approach regarding the same wasn’t working. It had previously asked the world’s biggest social media platforms, including: Facebook, Twiter and Google, to remove terrorist propaganda within an hour.</p>
<p>A spokesperson for the commission had said :&#8221;With regards to terrorist content, the results have been positive but progress is not sufficient.&#8221;</p>
<p>The legislation, which will be proposed later this year, is the latest in a series of European efforts to put increasing regulations on big tech companies. EU data protection rules that came into effect in May, have already played a part in changing how these companies around the world collect and handle personal data.</p>
<p>Facebook, Twitter and YouTube, which is owned by Google&#8211; agreed in 2016 to review and remove a majority of hate speech within 24 hours. These included racist, violent or illegal posts.</p>
<p>The Commission had informed the social media platforms in March to take down terrorist content within an hour of it being flagged&#8211; warning that new laws could be written if the companies did not comply. EU officials had said they would give tech firms three months to report back.</p>
<p>The new draft legislation has not been released yet, but it is expected to include penalties like steep fines. It also needs the approval of lawmakers and EU member countries.</p>
<p>Facebook , Google , and Twitter have declined to comment as of yet.</p>
<p>The post <a href="https://internationalfinance.com/technology/europe-preparing-tough-legislation-on-major-social-media-platforms/">Europe preparing tough legislation on major social media platforms</a> appeared first on <a href="https://internationalfinance.com">International Finance</a>.</p>
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