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Hate speech on Social media is becoming a more and more prevalent issue with sometimes devastating effects if not spotted accurately or deleted in time. The German parliament on Friday the 30th of July 2017, officially passed a law that could impose sharp fines on social media companies that fail to spot and delete Hate Speech from their social media platforms. Under the new “Network Enforcement Act” companies such as Facebook, Twitter, and others could face fines of up to €50 million ($57 million) for failing to remove hate speech from their platforms. The majority of German MPs voted in favour of the “Netzwerkdurchsetzungsgesetz” also commonly know as the “Facebook Law” after months of deliberationto better tackle hate speech online and partucularly on social media platforms where the majority of users nowadays spend their time online. In a statement, Facebook noted they fully shared the vision and goal of the German government in…