$DOGE The European Union is preparing to fine Elon Musk's social media platform, X, up to 6% of its global revenue for alleged misinformation, particularly regarding the spread of illegal content and misleading information related to the Israel-Hamas conflict. The EU has launched an investigation under the Digital Services Act (DSA), which could lead to substantial fines or even the suspension of X's services if violations are confirmed. The platform has been criticized for not adequately addressing these issues, and EU officials have urged Musk to comply with the bloc's regulations aimed at combating misinformation.
