European Union regulators are preparing major penalties against X, including a fine that could exceed $1 billion, according to a New York Times report yesterday.
The European Commission determined last year that Elon Musk’s social network violated the Digital Services Act. Regulators are now in the process of determining what punishment to impose.
“The penalties are set to include a fine and demands for product changes,” the NYT report said, attributing the information to “four people with knowledge of the plans.” The penalty is expected to be issued this summer and would be the first one under the new EU law.
“European authorities have been weighing how large a fine to issue X as they consider the risks of further antagonizing [President] Trump amid wider trans-Atlantic disputes over trade, tariffs and the war in Ukraine,” the NYT report said. “The fine could surpass $1 billion, one person said, as regulators seek to make an example of X to deter other companies from violating the law, the Digital Services Act.”
I believe it when they actually do it
What have they done to earn that fine?
Preliminary findings from july
- First, X designs and operates its interface for the “verified accounts” with the “Blue checkmark” in a way that does not correspond to industry practice and deceives users. Since anyone can subscribe to obtain such a “verified” status, it negatively affects users’ ability to make free and informed decisions about the authenticity of the accounts and the content they interact with. There is evidence of motivated malicious actors abusing the “verified account” to deceive users.
- Second, X does not comply with the required transparency on advertising, as it does not provide a searchable and reliable advertisement repository, but instead put in place design features and access barriers that make the repository unfit for its transparency purpose towards users. In particular, the design does not allow for the required supervision and research into emerging risks brought about by the distribution of advertising online.
- Third, X fails to provide access to its public data to researchers in line with the conditions set out in the DSA. In particular, X prohibits eligible researchers from independently accessing its public data, such as by scraping, as stated in its terms of service. In addition, X’s process to grant eligible researchers access to its application programming interface (API) appears to dissuade researchers from carrying out their research projects or leave them with no other choice than to pay disproportionally high fees.
https://ec.europa.eu/commission/presscorner/detail/en/ip_24_3761
Also interferes with our elections, which might get them banned completely
Oh noooooo 1 billion dollars…such a heavy fine…
Make it 60 billion.
This would be a fine against X though right rather than Elon himself? Surely the company wouldn’t have that kind of cash available and would need to take drastic action to raise that amount.
rubbing nipples
Oh, gosh! That sounds SO bad! Go on, tell us in explicit detail all the drastic measures that X would face. Tell us all the pain they would endure! Spare no detail.
rubs balls
Yeah…yeah almost there…
This. Fines should be percentage of wealth. Otherwise they’re just a sticker price on breaking the law.
But $60B is more than Musk bought Twitter for, and there’s no way it increased enough that $60B would be a reasonable percentage of income in any capacity.
Nice idea but the state wouldn’t be able to know how much one owns. I am poor, but I have more hidden wealth than declared wealth
Don’t talk about doing the thing and do the thing.
in a democracy the latter has to be preceded by the former.
It’s a good start
Get back to me when they spell Billion with a T
I hope that after the fine goes into action he loses more investors further deminishing his wealth
does not matter to me if the actual fine is lower when in the end he pays a higher price. (but big numbers are nice so: go europe)
So a slap on the wrist? A significant one sure but just ban them if you want to be serious and make an example out of them
but just ban them if you want to be serious
But if you ban them you can’t continue to fine them…
If you want X and other American social media platforms to keep undermining your democracies then sure just fine them. But if you want to get serious then kick them to the fucking curb
But if you want to get serious then kick them to the fucking curb
Absolutely, but you have to think why the European Union hasn’t done this to date? It’s totally within their gift to say that Twitter is such a dog shit platform that tomorrow it will be blocked, no European company can do business with them. But they don’t. Why is that?
…
Fine.
Well then do either one instead of just loudly proclaiming you might do something
Why stop at 1
Add some more zero’s EU.
Just ban the thing
Oh no don’t make papa Elon cry.
Good. Go ahead.
don juan grabbed the wrong pussy
