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The European Union is reportedly preparing to impose hefty penalties on Elon Musk's social media platform, X, for violating the Digital Services Act, which targets illicit content and disinformation, according to the New York Times.
Sources familiar with the matter suggest the penalties could include a substantial fine-potentially exceeding $1 billion-along with requirements for product modifications. This marks the first enforcement action under the new law, which mandates stricter content moderation by social media platforms.
The investigation, launched in 2023, has proceeded independently of ongoing U.S.-E.U. tariff negotiations, despite concerns over rising trade and regulatory tensions. Additionally, X is under a broader investigation regarding its approach to user-generated content, particularly issues related to hate speech and disinformation. #newsdaily