John Lister's picture

Tech Giants Could Face Massive Fines

A proposed law would dramatically increase maximum fines that can be imposed on companies that break monopoly rules. Tech firms would be among the most likely to be affected in the admittedly unlikely event the law was enacted. The proposed bill ... would be known as the Monopolization Deterrence Act of 2019. It's designed to change the current system by which the maximum penalty for violating the main US antitrust law, the Sherman Act, is $10 million. That applies regardless of the size of the company or companies involved. Critics say such penalties are little deterrent to major companies, ... (view more)

John Lister's picture

Websites Face $60 Million Fine for 'Illegal Content'

Social media sites could face fines of almost $60 million if they don't remove hate speech and other illegal posts within 24 hours of receiving a report. The new German law has prompted Facebook to recruit hundreds of staff. It's the result of the ... Netzwerkdurchsetzungsgesetz law, which is known as NetzDG for short, and literally translates as Network Enforcement Act. (Source: ) Libel And Hate Speech Both Covered The law doesn't change what content is allowed and not allowed. Instead, it says that sites must remove any content that is "obviously illegal." A prime example is ... (view more)

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