In January 2018 Germany passed the NetzDG law which required platforms like Facebook, Twitter and YouTube to take down perceived illegal content within 24 hours or seven days, depending on the charge, or risk a fine of €50 million ($60 million) fines. In July 2018 representatives from Facebook, Google and Twitter denied to the U.S. House of Representatives Judiciary committee that they censor content for political reasons. During the hearing Republican members of Congress criticized the social media companies for politically motivated practices in removing some content, a charge the companies rejected. In April 2018 the European Union issued a series of proposals that would crack down on “online misinformation and fake news.” In June 2018 President Emmanuel Macron of France proposed a law which would give French authorities the power to immediately halt “the publication of information deemed to be false ahead of elections.”
I think it should be regulated but not just over fake news, bullying & hate speech seems to be a more important target. There should also be age restrictions in place as so much of these issues seem to stem from teenager - young adult age groups
More regulation needs to be done on the internet as a whole, we could look at utilising technology to create an AI that is able to verify information, references, sources et certra and provide a score on the validity of the website, article, information et cetra so people could make more informed decisions.
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