This is good. I used to think that, here in the US, the 1st amendment was a wonderful thing. Watching the anti-science and magat growth based on straight up lies has made me question that belief. As hawkwind says, it's important to know who is deciding if something is fake, but so often if it gets to that point it's like we're missing out on fucking common fucking sense. If someone can't tell that an election wasn't stolen, or that a person isn't a criminal when they admit to crimes, well...fuck 'em.

While this sounds good, it is just a proposed law. It must be enacted and then it must be enforced.. EU has laws yet all the social media companies have done very little about the trash on their sites. Twitter is promoting mis- and disinformation to all its users. YT said it would stop removing false election fraud videos. We’ll see if this goes anywhere.

Fines of "$2.75 million or 2 per cent of global turnover – whichever is higher."
ayyy now we're cookin

Who decides what is fake news? The metanews agencies? The government? Which one?

As long as this is watched by a nonbiased third party, this is excellent news. I think this sort of regulation is even what social media needs to survive at this point. There's been this standoff between governments and social media corporations with neither one wanting to be the one to regulate this content, because it's political/corporate suicide to have it look like you're taking a shot at "free speech". I hate that misinformation had to get this bad before someone finally decided to regulate it.

I'd go a step further and charge the creators of misinformation content if done maliciously as well.

"Multimillion-dollar fines" is just another term for "pocket change" in this context. Pump those numbers up!

Who decides what's fake?