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Online firms to risk EU fine if extremist posts linger

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09/12/2018 | 07:16pm CEST
Facebook and Twitter logos are seen on a shop window in Malaga

STRASBOURG (Reuters) - The European Union's chief executive on Wednesday proposed hefty fines on Google, Facebook, Twitter and other online platforms if they fail to remove extremist content within one hour.

Brussels gave internet firms three months in March to show they were acting faster to take down radical posts. Industry lobby groups said they have made great strides since then, but the Commission decided that progress had been insufficient.

If authorities flag it, the European Commission wants content inciting or advocating extremist offences, promoting extremist groups, or showing how to commit such acts to be removed from the web within a hour.

"One hour is the decisive time window in which the greatest damage takes place," Jean-Claude Juncker said in his annual State of the Union address to the European Parliament.

In a proposal that will need backing from EU countries and the European Parliament, internet platforms will also be required to take proactive measures, such as developing new tools to weed out abuse and human oversight of content.

Service providers will have to provide annual transparency reports to show their efforts in tackling abuse.

Providers systematically failing to remove extremist content could face hefty fines of up to 4 percent of annual global turnover.

"We need strong and targeted tools to win this online battle," Justice Commissioner Vera Jourova said.

In turn, the draft rules will demand the EU's 28 national governments put in place the capacity to identify extremist content online, sanctions and an appeals procedure.

The industry has also been working since December 2015 in a voluntary partnership to stop the misuse of the internet by international extremist groups, later creating a "database of hashes" to better detect extremist content.

Firms increasingly rely on a mix of machine learning, artificial intelligence and human moderators to spot and delete extremist content.

YouTube said it shared the Commission's desire to react rapidly and keep violent extremism off the internet. It said it had invested heavily to do so and would continue to engage closely with the Commission, EU countries and law enforcement agencies.

Facebook said in a statement that it had made significant strides finding and removing their propaganda "but we know we can do more".

When content is taken down from one platform, it often crops up on another - straining authorities' ability to police the web.

Smaller platforms, industry insiders warn, may not have the same resources to comply as speedily with tougher EU rules.

The Commission will retain a voluntary code of conduct on hate speech with Facebook, Microsoft, Twitter and YouTube in 2016. Other companies have since announced plans to join.

(Reporting by Philip Blenkinsop, Daphne Psaledakis and Alissa de Carbonnel; Editing by David Evans and Ed Osmond)

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET 1.21% 1193.89 Delayed Quote.11.27%
FACEBOOK -0.30% 164.91 Delayed Quote.-6.55%
MICROSOFT CORPORATION -0.19% 114.45 Delayed Quote.33.57%
TWITTER INC 1.78% 29.11 Delayed Quote.18.70%
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Financials ($)
Sales 2018 55 650 M
EBIT 2018 24 809 M
Net income 2018 21 237 M
Finance 2018 41 659 M
Yield 2018 -
P/E ratio 2018 22,88
P/E ratio 2019 19,96
EV / Sales 2018 7,81x
EV / Sales 2019 6,07x
Capitalization 476 B
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Mean consensus OUTPERFORM
Number of Analysts 46
Average target price 209 $
Spread / Average Target 27%
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Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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FACEBOOK-6.55%476 131
TWITTER INC18.70%21 674
MATCH GROUP INC78.38%15 465
LINE CORP3.75%10 403
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DENA CO LTD-16.93%2 609