Quiver Quantitative - The European Commission has granted a week's time to both Meta (META) and TikTok to outline their strategies against the dissemination of disinformation, particularly related to terrorist content, violent material, and hate speech on their platforms. This directive follows a similar request made to Elon Musk's X a week earlier.
The Commission's decision comes in the wake of reported spikes in misinformation subsequent to Hamas' attack on Israel just over a week ago. Should the European Commission find the responses from these tech giants lacking, it holds the authority to initiate formal investigations.
Recently enacted under the Digital Services Act (DSA), a new set of online content regulations mandates major online platforms to intensify their efforts in curbing illegal and potentially harmful content. Non-compliance could result in penalties, with fines potentially reaching up to 6% of the company's global revenues.
The Commission has set specific deadlines for Meta and TikTok to submit the required information. For issues related to crisis response, both companies must provide details by October 25, 2023. In addition, while Meta has until November 8, 2023, to share information regarding the safeguarding of election integrity, TikTok is required to address both the protection of election integrity and online safety of minors by the same date.
This article was originally published on Quiver Quantitative