Meta, alphabet unit Google, Twitter and Microsoft on Thursday agreed to take a strong line against disinformation which includes deep fraudulent and fraudulent accounts under the revised EU operating code or face heavy fines. .
More than 30 signatories, including advertising organizations, have registered for a revised Exercise Code on Disinformation, the European Commission said.
The signatories agree to do more to deal with deepfakes, fake accounts and political advertising while non-compliance could result in fines of up to 6% of the company's global profits, an EU official confirmed in a Reuters report last week. The companies have six months to abide by the promises, with a progress report to be adopted by early 2023.