According to BlockBeats news, on October 17, the European Union warned that when calculating the fine on social media platform “X”, income from Musk’s other businesses, including SpaceX and Neuralink, may be included. This practice will significantly increase potential penalties for violating content moderation rules. Under the EU’s Digital Services Act, the EU can fine online platforms up to 6% of their annual global revenue if they fail to address illegal content and disinformation, or fail to comply with transparency rules. Regulators are considering whether sales of SpaceX, Neuralink, xAI and the Boring Company should be included in addition to the revenue generated by the social network when determining potential fines against “X”. One of the people said Tesla’s sales would not be affected by this calculation because it is a public company and not under Musk’s full control. The potential fine is still under discussion. If “X” finds a way to address regulators’ concerns, penalties may be avoided. (Golden Ten)
Home
Crypto Hot News
EU warns: Platform “X” fines may take into account the income of multiple companies owned by Musk
Related Posts
Cryptocurrency is also increasingly being used by criminal organizations to launder money and move funds anonymously, making it difficult for law enforcement officials to track. In recent years, there has…
How to Grow Your Investment with Cryptocurrencies Bitcoin’s potential to hit the $70,000 milestone has the cryptocurrency community excited about the future of digital currencies. With automated strategies working behind…
These users will be incentivized to participate in the platform’s growth and development through staking and liquidity mining activities. This distribution is expected to boost the liquidity of the Elastic…
Crypto analyst Ignas has recently claimed that Ethereum (ETH) is losing its competitiveness against other layer-one networks, which is the primary cause of its price struggles. Although Ethereum’s dominance in…
OriginTrail is dedicated to driving mainstream adoption for this essential infrastructure and enabling a secure internet in the age of AI. Source The innovative approach to driving trust in AI…
Several top Bitcoin cloud mining sites have emerged, offering reliability, ease of use, and strong functionality. 7. StormGain: Known for its simplicity and extensive services, StormGain offers advanced trading options…
President Donald Trump being elected as the President of the United States in 2024 have boostd to 61.5%, while the probability of current Vice President Kamala Harris securing the position…
This makes it an attractive investment option for risk-averse investors seeking a predictable income stream. The platform prioritises security with multi-layered encryption and regular security audits. FIPCOIN, a cryptocurrency launched…
Grayscale, a major crypto asset manager, is in the process of converting its Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF), according to Bloomberg ETF expert Eric…
The company’s shares reached an intraday record high of $140.89 on the NASDAQ exchange, a significant milestone for the tech giant. The rise in stock price is a promising indication…