8 April 2019
INVESTMENT WATCH — Social media companies will face huge fines if they fail to live up to their “duty of care” to internet users.
The UK government is taking a hard line when it comes to online safety, moving to establish what it says is the world’s first independent regulator to keep social media companies in check.
Companies that fail to live up to requirements will face huge fines, and senior directors who are proven to have been negligent will be held personally liable. They may also find access to their sites blocked.