Google, Facebook, and Twitter voiced their reservations on Thursday about the statute after it was approved by lawmakers in Singapore. The new law criminalizes the spread of “false statements of fact,” as defined by the government.
Critics argue the law will hurt freedom of speech by forcing social media platforms to censor users in order to avoid potential fines.
A company spokesperson said that it would watch if “the concerns carefully articulated by academics, journalists, and civil society groups in Singapore and around the world over recent weeks will be addressed appropriately.”
It also seeks to prevent users from inciting hatred online, or acting to diminish public confidence in the government.
Companies found guilty of spreading “fake news” can face fines of up to 1 million Singapore dollars ($733,000).
The new rules, which were approved on Wednesday, pose a fresh challenge to social media companies that have been under pressure around the world to crack down on misinformation and offensive content.
“The intensity of the debate over the last few weeks has highlighted the need for a full and transparent public consultation,” a Google spokesperson said Thursday.
“Misinformation is a challenging issue and we are working hard to address it,” the spokesperson added.