
"Elon Musk 's social media platform X has been hit with the equivalent of $140 million fine by the European Union (EU) on Friday. What Happened: The European Commission accusing X of violating transparency rules under the EU's Digital Services Act. The Commission took issue with X's blue checkmark feature, which it deemed misleading after its transformation into a paid feature. It also criticized X's advertising library for its lack of transparency and failure to provide public data access for researchers."
"He claimed that the penalty was not only imposed on the platform but also on him personally. Musk warned of a response aimed at the top officials who imposed the penalty, though he did not elaborate on the nature of his planned response or who would be directly targeted. "It would seem appropriate to apply our response not just to the EU, but also to the individuals who took this action against me," he wrote."
The European Commission imposed an approximately $140 million fine on X for violating transparency requirements under the Digital Services Act. The Commission found the paid blue check verification misleading after its shift to a subscription model and criticized X’s advertising library for insufficient transparency and lack of public researcher data access. Elon Musk denounced the fine on the platform, claimed it targeted him personally, and warned of a response aimed at officials who backed the penalty. U.S. officials framed the action as a threat to free speech and accused the EU of singling out American tech firms, raising risks of regulatory and trade escalation.
Read at Benzinga
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