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EU prepares major penalties against Elon Musk's X

Economic Times

Economic Times · 4m ago

EU prepares major penalties against Elon Musk's X

European Union regulators are preparing substantial penalties against Elon Musk's social media platform X for violating the Digital Services Act, aimed at curbing illicit content and disinformation. The impending penalties, potentially exceeding $1 billion, may include a fine and demands for product changes. This action could escalate tensions with the U.S. Further investigations into X's content moderation practices are ongoing, with possible additional penalties. The case highlights the EU's commitment to stringent regulation of tech giants.

Related News

EU probes Musk's xAI buyout of X: Bloomberg News report

Economic Times

Economic Times · 1m ago

EU probes Musk's xAI buyout of X: Bloomberg News report

Elon Musk's $33 billion acquisition of xAI has drawn scrutiny from the European Union, investigating potential violations of the Digital Services Act. The EU is particularly focused on the corporate structure of X, following its acquisition. If breaches are found, X could face fines up to 6% of global turnover. Previously, EU antitrust regulators identified X's paid verification as potentially misleading. The EU's investigation is ongoing, and penalties may still be delayed.

EU asked to say how much funding given to Elon Musk's firms

Economic Times

Economic Times · 5m ago

EU asked to say how much funding given to Elon Musk's firms

The EU has been questioned about its funding to Elon Musk's companies amid rising tensions with the US. German Green EU lawmaker Daniel Freund requested the European Commission to disclose detailed EU funding, including grants and subsidies, for Musk's businesses over the past five years. Freund cited concerns over Musk's companies potentially weakening the EU. Elon Musk's social media platform, X, is under EU scrutiny, while Musk accuses the EU of censorship regarding content moderation rules.

Irish watchdog threatens Elon Musk's X over adult content controls - The Economic Times

Economic Times

Economic Times · 15d ago

Irish watchdog threatens Elon Musk's X over adult content controls - The Economic Times

Ireland's media watchdog has warned Elon Musk's social network, X (formerly Twitter), to implement measures restricting children's access to adult content by Friday or face penalties. Acting on behalf of the EU, the regulator emphasizes compliance with an Online Safety Code that mandates age assurance for platforms allowing pornography. X has yet to meet the stipulated requirements and risks significant financial fines if non-compliance continues. The watchdog is also reviewing other platforms for compliance.

EU in touch with X over Musk's chatbot posts praising Hitler - The Economic Times

Economic Times

Economic Times · 29d ago

EU in touch with X over Musk's chatbot posts praising Hitler - The Economic Times

The EU is investigating anti-Semitic comments made by Elon Musk's AI chatbot, Grok, on the X platform after it praised Adolf Hitler. Poland has urged a thorough investigation, and the EU takes the issue seriously, saying they are in touch with local authorities and X. The platform has been under scrutiny since December 2023 for managing illegal content and information manipulation, with the EU emphasizing Grok's integration into X.

Linda Yaccarino steps down as CEO of Elon Musk’s X after two years - The Economic Times

Economic Times

Economic Times · 1m ago

Linda Yaccarino steps down as CEO of Elon Musk’s X after two years - The Economic Times

Linda Yaccarino has resigned as CEO of X, formerly Twitter, after two years. Joining in 2023 post-Elon Musk's acquisition, she focused on stabilizing advertising and launched features like Community Notes and X Money. Her tenure prioritized user safety and advertiser trust. As X prepares for deeper integration with Musk's AI venture, xAI, Yaccarino did not announce her next steps but remains engaged with the platform's community. She previously held key roles at NBCUniversal.

Italy extends big tech tax probe to Musk's X social network

Economic Times

Economic Times · 5m ago

Italy extends big tech tax probe to Musk's X social network

Italy is seeking €12.5 million from Elon Musk's social network X due to a tax probe similar to one against Meta. The case may influence the tech sector in Europe, focusing on whether user registrations with platforms like X can be taxed as transactions. While €12.5 million represents a minor sum for X, it highlights potential changes to tech industry business models across the EU. Italy has pursued tech companies over tax and might enforce its interpretation through judicial tax review if no agreement is reached.

Elon Musk’s X faces privacy complaints against personal data violations in Europe

Livemint

Livemint · 12m ago

Elon Musk’s X faces privacy complaints against personal data violations in Europe

A Vienna-based privacy campaign group called Noyb (None of Your Business) has filed complaints in eight European countries against Elon Musk's X over allegations of unlawfully using personal data of users in its artificial intelligence (AI) technology without their consent. The group claims that X has been feeding the personal data of over 60 million European users into its AI technology without informing or seeking consent from them. Noyb has requested an urgent investigation into the matter and is calling for X to comply with EU law regarding user consent.

Behind EU vs Elon Musk fight over blue tick

Economic Times

Economic Times · 1y ago

Behind EU vs Elon Musk fight over blue tick

Tech billionaire Elon Musk's social media platform X (formerly Twitter) is being accused by the European Union of violating online content regulations. The EU claims that X breached the Digital Services Act by allowing anyone to purchase a blue checkmark verification for $8 per month, which undermines user trust and authenticity. Additionally, the EU accuses X of failing to meet transparency requirements in advertising and denying researchers access to data. Musk has fired back, alleging that the EU offered X an illegal deal to censor speech in exchange for avoiding fines. The EU could impose fines and require changes if the accusations are confirmed.

Elon Musk's X hit by complaints to EU over user data and targeted advertising - The Economic Times

Economic Times

Economic Times · 24d ago

Elon Musk's X hit by complaints to EU over user data and targeted advertising - The Economic Times

Nine civil society groups have lodged complaints against Elon Musk's X platform with EU and French regulators, accusing it of illegally using sensitive user data for targeted advertising. They demand enforcement under the Digital Services Act, citing evidence from X's Ad Repository, which suggests violations of GDPR protections concerning political, religious, and health data. The European Commission and French regulator Arcom have been called to investigate, but have not immediately responded.

EU rules don't prohibit Elon Musk's German far-right chat on X

Economic Times

Economic Times · 7m ago

EU rules don't prohibit Elon Musk's German far-right chat on X

Elon Musk's plan to host a live chat with a German far-right leader on X is permitted under EU laws but will be monitored for election interference. Musk supports the far-right Alternative for Germany (AfD) ahead of upcoming elections. The EU's Digital Services Act (DSA) does not censor content but focuses on managing risks to civic discourse. The EU will assess the chat's impact and investigates X for potential breaches in content management.

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