[Ticker] Tech firms to risk huge EU fines over hate speech
Global tech firms, such as Facebook and Google, will face fines of up to 6 percent of turnover if they fail to swiftly take down hate speech, child pornography, or corona-disinformation from their platforms, under the EU's 'Digital Services Act', due out Wednesday, according to a draft of the bill seen by Reuters. Firms will also have to disclose who pays for ads and how their algorithms prioritise content.