Social media companies have been told they will have to remove “hateful” or “racist” content from their platforms or face hefty fines, the UK’s Prime Minister Boris Johnson said on Wednesday. The prime minister met with representatives from social media companies on Tuesday after online racial abuse towards black England football players sparked outrage. “Last night I met representatives of Facebook, of Twitter, of TikTok, of Snapchat, of Instagram and I made it absolutely clear to them that we will legislate to address this problem in the Online Harms Bill, and unless they get hate and racism off their platforms, they will face fines amounting to 10 percent of their global revenues,” Johnson said. He also vowed to change the football banning regime, which bans people from football matches if they are convicted of a “relevant offence” linked to a match, to cover online abuse. Greater Manchester Police on Wednesday arrested a …