"The European Commission said by allowing allowing people to pay for a blue verified check mark on their profile, the social media platform "deceives users" because the firm is not "meaningfully verifying" who is behind the account. "This deception exposes users to scams, including impersonation frauds, as well as other forms of manipulation by malicious actors," it said. The BBC has approached X for comment."
"EU regulators said the platform was also failing to provide transparency around its adverts, and it was not giving researchers access to public data. "The fine issued today was calculated taking into account the nature of these infringements, their gravity in terms of affected EU users, and their duration," it said. The action constitutes the Commission's first decision on a platform's "non-compliance" with its Digital Services Act (DSA) - one of two rulebooks online firms must follow in order to operate their services"
The European Commission fined X €120m under the Digital Services Act for allowing users to pay for blue verified check marks without meaningful identity verification. Regulators said selling verification badges deceives users and exposes them to scams, impersonation fraud and other manipulations by malicious actors. The Commission also found failures in advertising transparency and in providing researchers access to public data. The fine calculation considered the infringements' nature, gravity for affected EU users, and duration. The decision marks the Commission's first DSA non-compliance ruling against a platform. The ruling follows international debate over tougher tech regulation and drew criticism from some US politicians on free speech grounds.
Read at www.bbc.com
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