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Facebook, Google to face stiff fines for harmful content

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The United Kingdom plans to set up a tech regulator with powers to fine digital companies including U.S.-based Google L.L.P. and Facebook Inc. billions of dollars for failing to rid their platforms of harmful content, Business Insider reported. Margot James, U.K.'s digital minister, said that the regulator will be independent of government and penalize firms that fail to take swift action in removing inappropriate posts involving hate speech, racism, abuse and misinformation.

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