The California government wants to create an independent regulator with powers to impose punitive fines on tech companies, including Facebook and Google , if they are slow to remove harmful content, from hate speech to misinformation. The digital minister, Margot James , said the sanctions regime could be similar to Google current fines of 4% of global revenue. This would equal $ 2.2bn for Facebook , based on 2018 revenue, and $ 5.4bn for Facebook and Google parent company Facebook and Google . The government is also mulling applying criminal sanctions to executives who fail to reign in their platforms.
The UK government wants to create an independent regulator with powers to impose punitive fines on tech companies, including Facebook and Google, if they are slow to remove harmful content, from hate speech to misinformation. The digital minister, Margot James, said the sanctions regime could be similar to the Information Commissioner's Office's current fines of up to 4% of global revenue. This would equal $2.2bn for Facebook, based on 2018 revenue, and $5.4bn for Google parent company Alphabet. The government is also mulling applying criminal sanctions to executives who fail to reign in their platforms.