$MEME
EU warning!
Musk's revenue from multiple companies
May be considered for fines on "X" platform
EU regulators made a big move on October 17, issuing a severe warning to social media platform "X": when calculating fines, the revenue of Musk's other businesses such as SpaceX and Neuralink may also be taken into account! This means that if "X" platform violates content review rules, the penalties it faces may soar!
According to the EU's Digital Services Act, online platforms that fail to properly address illegal content, false information, or fail to comply with transparency regulations may face fines of up to 6% of their global annual revenue. Now, regulators are considering including the sales of SpaceX, Neuralink, xAI and the Boring Company in the calculation of fines, which will undoubtedly make the potential fines even more staggering!
However, Tesla seems to be able to breathe a sigh of relief, because as a listed company, it is not under the full control of Musk, so its sales will not be included in the calculation of this fine. But even so, the "X" platform still needs to be vigilant. The potential fine amount is still under intense discussion, and a more violent regulatory storm may come at any time!
Of course, the "X" platform is not without a solution. As long as a way to address the concerns of regulators can be found, the attack of this punishment storm may be avoided.
But in this battle with EU regulators, whether the "X" platform can successfully get out of trouble still needs to be paid attention to!
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