randomm

EU Reportedly Preparing to Impose Significant Fines on Elon Musk's X, Potentially Exceeding $1 Billion

European Union regulators are reportedly preparing to impose significant penalties on Elon Musk’s social media platform X for violations of the Digital Services Act, which aims to combat illicit content and disinformation, according to a report by the New York Times. Sources familiar with the situation indicate that the penalties may include a substantial fine, potentially exceeding $1 billion, along with demands for product changes. This marks the first enforcement action under the new law, which requires social media companies to enhance their content moderation practices.

EU Reportedly Preparing to Impose Significant Fines on Elon Musk's X, Potentially Exceeding $1 Billion

European Union regulators are reportedly preparing to impose significant penalties on Elon Musk’s social media platform X for violations of the Digital Services Act, which aims to combat illicit content and disinformation, according to a report by the New York Times. Sources familiar with the situation indicate that the penalties may include a substantial fine, potentially exceeding $1 billion, along with demands for product changes. This marks the first enforcement action under the new law, which requires social media companies to enhance their content moderation practices. 

https://news.bitcoin.com/eu-reportedly-preparing-to-impose-significant-fines-on-elon-musks-x-potentially-exceeding-1-billion/