FIRST AIRED: March 17, 2017

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Transcript

00:00:01
>> From privacy to how quickly the remove illegal or threatening content, US tech companies are under pressure in Europe. Social media firms Facebook, Alphabet's Google+ unit, and Twitter must have meant their terms for European users, within a month or risk being fined. One EU official told Reuters that the commission and European consumer protection authorities will be ready to take action to make sure companies comply with the new rules.
00:00:26
Germany is also planning a new law for social networks such as Facebook, to remove slanderous or threatening online postings quickly, or face fines of up to 50 million Euros. According to letters seen by Reuters, the terms criticized by the authorities include not allowing users to go to court in their country of residence, but requiring them to go to the California court where the companies are based.
00:00:50
Not identifying sponsored content clearly and an excessive power for the companies deciding the suitability of content also issues. Sources say the companies attempted to resolve the matter with authorities earlier this week. Google and Facebook were not immediately available for comment, and a spokesman for Twitter declined to comment.