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FILE - In this May 16, 2012, file photo, the Facebook logo is displayed on an iPad in Philadelphia. Silicon Valley is a uniquely American creation, the product of an entrepreneurial spirit and no-holds-barred capitalism that now drives many aspects of modern life. But the likes of Facebook, Google and Apple are increasingly facing an uncomfortable truth: it is Europe’s culture of tougher oversight of companies, not America’s laissez-faire attitude, which could soon rule their industry as governments seek to combat fake news and prevent extremists from using the internet to fan the flames of hatred. (AP Photo/Matt Rourke, File)

FILE - In this May 16, 2012, file photo, the Facebook logo is displayed on an iPad in Philadelphia. Silicon Valley is a uniquely American creation, the product of an entrepreneurial spirit and no-holds-barred capitalism that now drives many aspects of modern life. But the likes of Facebook, Google and Apple are increasingly facing an uncomfortable truth: it is Europe’s culture of tougher oversight of companies, not America’s laissez-faire attitude, which could soon rule their industry as governments seek to combat fake news and prevent extremists from using the internet to fan the flames of hatred. (AP Photo/Matt Rourke, File)

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