EU hits Elon Musk's X with 120 million euro fine for breaching social media law

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 imposed a €120 million ($140 million) fine on Elon Musk's social media platform, X, for violating content-moderation laws. This penalty highlights ongoing tensions between the EU and the Trump administration regarding online transparency and regulatory compliance.

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.

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 Union's executive arm is set to expedite the construction of cross-border power grids, citing years of underinvestment and fragmented planning as key factors driving up energy bills. This initiative aims to enhance energy connectivity across member states and reduce costs for consumers.

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.