EU Hits Elon Musk’s X With $140 Million Fine

SpaceX is preparing to sell insider shares, potentially valuing the company at over $500 billion, surpassing OpenAI's previous record. This move reflects strong investor interest and confidence in Elon Musk's aerospace venture, as reported by Bloomberg's Ed Ludlow.

SpaceX is set to offer insider shares at a valuation exceeding $500 billion, surpassing OpenAI's previous record. This move indicates strong investor confidence in Elon Musk's rocket and satellite company, reflecting its growing prominence in the aerospace sector.

The European Union has fined Elon Musk's social media platform, X, €120 million ($140 million) for violating content-moderation laws, as stated by EU Ambassador to the US, Jovita Neliupšienė. This fine reflects the EU's commitment to enforcing compliance with its digital regulations, which are designed to ensure accountability among major tech companies.

The European Union has initiated an antitrust investigation into Meta's WhatsApp AI access policy, raising concerns about potential market manipulation and competitive practices. This inquiry reflects growing regulatory scrutiny over major tech companies and their influence on the market.

Elon Musk's social media platform, X, has been fined €120 million ($140 million) by the European Union for violating content moderation laws under the Digital Services Act. This penalty marks the first significant enforcement action against a major platform since the implementation of these new regulations.

The European Union has imposed a fine of €120 million ($140 million) on Elon Musk's social media platform, X, for violating content moderation laws. This decision marks a significant enforcement action under the EU's new digital regulations, reflecting the bloc's commitment to holding tech companies accountable for their content policies.

The European Commission has imposed a €120 million fine on Elon Musk's social media platform X for breaching social media regulations, leaving users exposed to scams and manipulation. The violations included issues related to deceptive verification badges and insufficient transparency in advertising practices.

The European Union has imposed a fine of 120 million euros on Elon Musk's social media platform X for failing to adhere to digital regulations, particularly regarding content moderation. This penalty reflects the EU's commitment to enforcing compliance among major digital platforms.