"Elon Musk, tech billionaire and owner of the social media platform X, rarely shies away from an argument. He has embarked on public spats with many people, from fellow Silicon Valley entrepreneur Sam Altman to US President Donald Trump. The latest target of his ire is the European Union, which he has called a "bureaucratic monster" that "should be abolished". So, what's going on? On Friday, the bloc fined Musk's X platform 120 million euros ($210 million) for breaching the Digital Services Act, a key piece of legislation aimed at curbing harmful online content."
"The EU's Digital Services Act came into force in 2022, creating a legal framework for content moderation, transparency and accountability for tech firms to adhere to. European Union regulators say the breaches of the bloc's digital regulations could leave users exposed to scams and manipulation. In December 2023, the EU opened formal proceedings to assess whether X breached the new law. It wanted to investigate measures X was taking to stop the spread of illegal content and misinformation, as well as check advertising transparency. On Friday, the European Commission issued its decision, stating X had breached the law on three separate occasions and faced a 120 million euro fine."
European regulators fined X €120 million for three breaches of the Digital Services Act, citing deceptive verification practices, inadequate measures against illegal content and misinformation, and shortcomings in advertising transparency. The Digital Services Act, effective from 2022, sets rules for content moderation, transparency, and platform accountability to protect users from scams and manipulation. Regulators opened formal proceedings in December 2023 to assess X’s compliance, examining how the platform prevented illegal content spread and disclosed advertising information. Verification badges were previously reserved for prominent figures; after Musk's acquisition, badges were made available to any paying subscriber.
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