EU fines Musk's X platform $1bn. (€900m) for content breaches
The European Union is contemplating imposing substantial financial penalties on the X platform, which is owned by billionaire Elon Musk, who is a member of the United States President's cabinet, reports the "New York Times". According to the newspaper, the fines could exceed $1 billion (€900 million).
As reported by the "New York Times", citing statements from four individuals familiar with the matter, EU regulators are preparing serious penalties against Elon Musk's X platform for breaching laws related to illegal content and misinformation.
Musk heads the Department of Government Efficiency (DOGE), a government institution aimed at reducing federal spending. As noted by the portal, an attack on one of President Trump's closest advisors could elevate tensions with the United States.
New York Times: Fine may exceed $1 billion (€900 million)
There was earlier deliberation on the magnitude of the fine to be imposed on X, considering the risk of further conflicts with Trump. However, sources indicate that the proposed fine is unrelated to the trade war initiated by the U.S. President's administration.
One of the sources stated that the fine could exceed $1 billion (€900 million), as regulators wish to deter other companies from violating the stipulations of the Digital Services Act. The penalty is expected to be levied in the summer of this year.
According to the newspaper, the European Union and X might still reach a settlement if the company consents to changes that satisfy the regulators' demands.
In response to the publication, X stated that such actions would be an "unprecedented act of political censorship and an attack on free speech." X asserts that it will do everything within its power to defend its operations and "protect freedom of speech in Europe."
