EU to Target Meta, Google, Twitter Over Deepfakes, Report Says

Companies that fail to adhere to the updated regulation could reportedly face hefty fines.

The voluntary code was first introduced in 2018, but will become a co-regulation scheme, according to Reuters.

Both regulators and signatories will reportedly share responsibility.

Companies that break the code could reportedly face fines of up to 6% of their global revenue.

Jourova added that Russian propaganda following thewar in Ukraineshaped the updated anti-disinformation code.

Meta, Google, Twitter, TikTok and the European Commission didn’t immediately respond to requests for comment.

Microsoft declined to comment.

New EU measures come as governments around the world stand up to take on the influence of Big Tech.

The US Department of Justice filed anantitrust lawsuitagainst Google and is working on asubsequent investigation.