X hit with $140 million fine from the EU

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 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.

Andrew Puzder, the US Ambassador to the EU, has expressed concerns that European Union regulations are hindering the development of artificial intelligence (AI) in Europe. He argues that these regulations are not aligned with the continent's economic interests and are obstructing necessary investments in the AI sector. Puzder shared these views during an interview on Bloomberg TV's 'The Pulse' with Francine Lacqua.

Elon Musk's social media platform, X, has been fined €120 million by the European Commission for breaching new EU digital laws, including issues related to deceptive verification badges and advertising transparency. This ruling marks a significant enforcement action under the EU's updated regulatory framework.

Elon Musk's social media platform, X, has been fined €120 million ($140 million) by the European Union for breaching its content-moderation law, a decision that is expected to heighten tensions with the United States regarding free speech and technology regulations.