EU Regulations towards Social Media companies on Fake News on the way?

EU Regulations towards Social Media companies on Fake News on the way?

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The EU security commissioner, Julian King, thinks that the tech companies is moving too slow to fight fake news in the shadow of the Cambridge Analytical scandal. He said these businesses must come up with short-term, concrete plans, that have to be in place before the European Parliament elections 2019. The basic idea is that they should sign “a voluntary code of conduct to prevent the misuse of platforms to pump out misleading information”, according to the Guardian. This includes that users should be made better aware of why certain content and ads are being presented to them and political ads should include information about the source of the ad, who paid for it. This will work to increase the transparency and improve understanding about the content presented. But in case these social media companies do not move fast enough voluntary basis, EU regulations to fight fake news will be on the table. Source: The Guardian

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