Germany has passed a law that creates tight deadlines in which social media websites must remove hate speech. These platforms now face massive fines if they don’t comply.
Within 24 hours, websites like Facebook, Twitter, and YouTube must remove postings of hate speech or other material that’s “obviously illegal” under German law. If content has been flagged as offensive but isn’t obviously illegal, it must be examined within 7 days, according to a BBC report on the law.
Failure to comply could lead to fines that start at 5 million euros and range up to 50 million euros, or about $57 million.
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Source: Ars Technica – Facebook and Twitter could be fined up to million under new German law