EU Reportedly Set To Fine Elon Musk's Social Media Platform Over $1 Billion For Violating New Digital Act: X Calls It 'An Unprecedented Act Of Political Censorship'

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EU Reportedly Set To Fine Elon Musk's Social Media Platform Over $1 Billion For Violating New Digital Act: X Calls It 'An Unprecedented Act Of Political Censorship' - Benzinga

Quick Summary:

A source told the publication that the European regulators “..want it to be big enough to pressure other companies to comply with the law.” The European Commission concluded last year that X had breached the Digital Services Act, aimed at tackling unlawful content and misinformation.

What Happened: This penalty would be the first under the new EU law. The fine could exceed $1 billion as regulators seek to discourage other companies from breaching the Digital Services Act, reported The New York Times.

The European Union is reportedly preparing to levy a hefty fine on X, a social network owned by Elon Musk.