"The European Union has announced a fine of $140 million against Elon Musk's X, the social media platform formerly known as Twitter, for several failures to comply with rules governing large digital platforms. A European Commission spokesperson said the fine against X's holding company was due to the platform's misleading use of a blue check mark to identify verified users, a poorly functioning advertising repository, and a failure to provide effective data access for researchers."
"The possibility that X would face financial penalties in Europe had drawn significant political fire, not only from Musk but also from others in Washington, D.C., over the past two years since the European Commission began its investigation. "Rumors swirling that the EU commission will fine X hundreds of millions of dollars for not engaging in censorship," Vice President J.D. Vance on X on Thursday. "The EU should be supporting free speech, not attacking American companies over garbage.""
The European Union fined X's holding company $140 million for misleading use of its blue verification badge, a poorly functioning advertising repository, and failing to provide effective data access for researchers. The EU preferred not to impose fines and contrasted X with TikTok, which offered concessions to avoid penalties. The investigation began over two years ago and a July 2024 preliminary finding accused X, which serves more than 100 million EU users, of violating transparency mandates and converting verification into a paid feature. Elon Musk plans to legally challenge any sanctions rather than concede.
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