Google is contributing over $29 million or €25 million to the newly formed European Media and Information Fund to quash fake news. The tech company revealed this move on Wednesday, March 31.
Google’s contribution to stop harmful fake news
Reuters reported that last year, the election in America amid the COVID-19 pandemic crisis sparked fake news, and it was massive. The misinformation was so severe, and many blamed social media giants for not being very strict and failure to tackle the issue.
People are saying that social media companies could have done more to curb the spread of misinformation through their platforms. Fake news could have been prevented if they took real action to monitor and restrict, the observers say.
Now the European Media and Information Fund was recently formed by the Calouste Gulbenkian Foundation and the European University Institute. The goal for this is to combat fake news by recruiting researchers, public interest-oriented organizations, and fact-checkers to eliminate false information that is being spread online. For this, Google expressed its support to EMAIF by contributing millions so it can fulfill its aim.
“While navigating the uncertainty and challenges of the last year, it has proven more important than ever for people to access accurate information, and sort facts from fiction,” Google’s Europe, Middle East, and Africa president, Matt Brittin, said in a blog post. “That’s why Google is contributing €25 million to help launch the European Media and Information Fund to strengthen media literacy skills, fight misinformation and support fact-checking.”
Tech giants summoned over fake news
Meanwhile, last week heads of the leading tech companies in the U.S. were called over by officials to ask them about the proliferation of disinformation on their respective platforms. Facebook’s Mark Zuckerberg, Google’s Sundar Pichai, and Twitter’s Jack Dorsey have attended the meeting.
BBC News reported that the session was sort of tense as the head, Mike Doyle, questioned the executives in what was described as a “combative style.” Doyle was said to have asked the CEOs to answer either “yes” or “no” to the question if they felt they bore responsibility for the events that occurred at the U.S. Capitol in Washington.
Doyle was said to have challenged YouTube, Twitter, and Facebook to eliminate anti-vaxxers from their platforms which he claimed were responsible for about 65% of vaccine misinformation, and demanded a 24-hour deadline.
In response, Google’s Pichai said that throughout 2020, they have worked to identify and take down contents on YouTube that were misleading voters. And this week, Google announced its support to stop fake news through its donation to the EMAIF.


Lufthansa Q1 Loss Narrows as Strong Summer Travel Demand Boosts Outlook
Broadcom Eyes $35 Billion AI Chip Financing Deal With Apollo and Blackstone
Hua Hong Semiconductor Stock Surges to Multi-Year High Amid AI Boom
Philips Reaffirms 2026 Outlook After Strong Q1 Sales and Margin Beat
Shell Q1 Profit Surges to Two-Year High as Dividend Rises Despite War-Driven Debt Pressure
Infineon Raises 2026 Outlook as AI Data Center Chip Demand Surges
Aker BP Q1 Profit Jumps on Higher Oil Prices and Asset Reversal
TikTok Nears $400 Million Settlement With Trump Administration Over Child Privacy Lawsuit
BMW Keeps 2026 Outlook Despite 25% Profit Drop Amid Tariff Pressure
Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case
UOB Q1 Profit Meets Expectations as Loan Growth Offsets Lower Interest Rates
Armani Group Eyes Strategic Stake Sale to Luxury Giants
Novo Nordisk Raises 2026 Outlook on Strong Wegovy Demand
Coinbase Q1 2026 Earnings Miss Sends COIN Stock Lower Amid Crypto Market Slump
Maersk Q1 Earnings Beat Expectations as Iran Conflict Clouds Shipping Outlook
Morgan Stanley Bets on Optical Component Stocks in Greater China Tech Sector
Trump Invites Top CEOs Including Nvidia, Apple, Boeing to China Summit With Xi Jinping 



