📣 The EU Threatens to Fine X

posted  5 Jul 2024
Photo - The EU Threatens to Fine X
The European regulator may impose a fine equivalent to 6% of the total revenue on Elon Musk’s social media platform X for its failure to address illegal content. This measure will be considered if the company does not implement the necessary changes following its next official warning.

The investigation, which began in December 2023, involves X and other major companies, including Facebook, Instagram, AliExpress, and TikTok. It aims to examine how these social media platforms handle user-published content that even contradicts their own policies.

Currently, the regulator does not plan to impose practical restrictions or block X, as the investigation is still underway. This action is part of the enforcement of two new European laws: the Digital Services Act (DSA) and the Digital Markets Act (DMA).

The DSA mandates social platforms to remove misinformation and harmful content, such as terrorism propaganda and hate speech. The DMA, on the other hand, focuses on preventing market monopolization by major tech companies like Apple, Meta, and Microsoft.