Germany Threatens $53 Million Fine in Facebook Hate-Speech Bill

  • Need more pressure on social networks: Merkel’s justice chief
  • Penalties threatened in first draft of German legislation

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Germany threatened to fine social networks such as Facebook Inc. as much as 50 million euros ($53 million) if they fail to give users the option to complain about hate speech and fake news or refuse to remove illegal content.

Under the first draft of legislation presented by Justice Minister Heiko Maas on Tuesday, the corporate officials responsible would risk separate fines of as much as 5 million euros. If passed, the bill would be the stiffest regulation Facebook faces in any country where it operates.