Elon Musk’s X May Face Multi-Million Euro Fine In EU Probe: Report
The post Elon Musk’s X May Face Multi-Million Euro Fine In EU Probe: Report appeared on BitcoinEthereumNews.com.
Elon Musk’s X faces potential multi-million euro fines as the European Union investigates its compliance with the Digital Services Act. Allegations include failing to control hate speech, misinformation, and ad transparency. The probe, focused on key violations, could result in a penalty of up to 6% of X’s global revenue, posing significant challenges for the platform and its future in Europe. EU Targets Elon Musk’s X Over Digital Services Act Compliance On January 24, Reuters reported that the European Commission may impose a hefty fine on Elon Musk’s social media platform, X, for allegedly violating the Digital Services Act (DSA). The investigation concluded that X failed to meet critical requirements, including controlling hate speech, curbing misinformation, and ensuring transparency in advertisements. The probe also highlighted X’s challenges in addressing illegal content, with critics pointing to the platform’s Community Notes system as insufficient for countering the rapid spread of false information. Additionally, X’s lack of a comprehensive and accessible ad repository raised concerns over non-compliance with the DSA’s transparency mandates. The EU’s decision on whether to fine X could set a precedent for enforcing digital regulations across tech giants. If enforced, the fine might reach up to 6% of X’s global revenue, impacting its operations in Europe. Elon Musk’s X Faces Backlash Over Transparency Issues Elon Musk’s X has faced significant criticism for failing to comply with the DSA, particularly in transparency mandates. A primary concern is the platform’s lack of a comprehensive ad repository, which is essential for providing clarity about advertisers and their campaigns. This non-compliance has sparked debates about X’s commitment to user trust and transparency. Critics argue that these shortcomings undermine accountability and expose gaps in X’s alignment with DSA regulations. Musk’s broader actions also reflect his advocacy for free speech, as seen in his calls for…
Filed under: News - @ January 25, 2025 12:22 am