EU warns: Platform “X” fines may take into account the income of multiple companies owned by Musk

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)

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