The European Union has released a new version of the “EU Code of Conduct against Misinformation”. American tech giants like Facebook’s parent company Post, Google, Twitter and Microsoft have agreed to abide by them, promising to take a tougher line on false information. If these companies do not take a tougher line on fake news, they will face huge fines. These companies will not spare any story that seems fake. Right now, Facebook is already very strict with comments on its platform. However, it seems that his austerity is oblique at the moment.
According to reports, the signatories of the code should take strict measures to deal with false information, such as deepfakes, fake accounts and political ads. Otherwise, fines of up to 6% of the company’s global turnover may be imposed. The report also claims that this guideline was first released in 2018. It is the world’s first initiative in the industry to voluntarily combat false information through self-regulation. Technical giants such as Google, Facebook and Twitter have signed up to join. Sample hypotheses detailing the handling of signatories will be part of the new guidelines. It will also be linked to the Digital Services Act (DSA) agreed by the EU-27 earlier this year.
The tech giants have six months to deliver on their commitments
More than 30 organizations, including advertising companies, have registered for the new guidelines, and the companies that will register will have six months to implement their commitments and submit progress reports in early 2023, the European Commission said.
The European Union is one of the few organizations in the world that is tough on big technology companies. It is recalled that the EU has already adopted a resolution on the integration of the charging port and the charging protocol in Europe. This decision is strongly opposed against the American construction giant, Apple. In addition, the organization is investigating Google, which led the company to allow third parties to place ads on YouTube.
Elsewhere, the multi-billion dollar crackdown on these tech giants is complex. However, Europe seems to be leading the way in an action that will benefit Europeans.