German politicians want €500k fines if Facebook fails to remove fake news within 24hrs

‘The parliamentary chairman of Germany’s Social Democratic Party (SPD), Thomas Oppermann, has asserted that social media giants like Facebook should be required to remove fake news and illegal posts within 24 hours or face fines up to €500,000 ($522,000).
“Facebook has not used the opportunity to effectively regulate the issue of complaint management itself,” Oppermann said in an interview with Der Spiegel on Friday. Therefore, “market dominating platforms like Facebook will be legally required to build a legal protection office in Germany, available 24 hours a day, 365 days a year,” he added.
German politicians fear that hate speech and ‘fake news’ could influence public opinion ahead of the federal elections next year, with far-right parties gaining momentum on growing discontent with Angela Merkel’s open-door refugee policy.’
Read more: German politicians want €500k fines if Facebook fails to remove fake news within 24hrs