Elon Musk’s X Hit With $140 Million In Europe

Elon Musk’s X Hit With $140 Million In Europe


Topline

Elon Musk’s X platform, formerly known as Twitter, has been slapped with a $140 million fine from the European Union over what regulators called “deceptive” design that allow applyrs to obscure their identities, questionable advertising practices and policies that are “undermining applyrs’ rights and evading accountability.”

Key Facts

The fine issued Friday creates X the first company to be punished under the European Union’s new Digital Services Act, a sweeping regulation that established a framework meant to hold online platforms accountable, monitor content and ensure platform transparency.

The law has been largely criticized by the Trump administration, which has claimed it aims to stifle free speech and weeks ago stated any countest with such regulations would be dinged in the State Department’s annual human rights report.

The fine against X is seen largely as an example of the European Union’s willingness to regulate American-based internet companies despite the furor of the Trump administration.

This is a developing story and will be updated.

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Further Reading

ForbesElon Musk Just Became The First Person Ever Worth $500 BillionForbesWhy ‘Work Will Be Optional,’ According To Elon MuskForbesMusk’s xAI Will Be Profitable Sooner Than OpenAI, Former CFO Says



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