3mo ago

EU set to fine Elon Musk's X up to $1 billion for breaking disinformation law

www.irishstar.com

Summary

The EU plans to fine Elon Musk’s X over $1 billion for violating the Digital Services Act by failing to control disinformation and illicit content.

This would mark the first major penalty under the new law and could trigger a legal clash with Musk, who vowed to fight in court.

Regulators say the fine aims to deter other platforms. Tensions with the U.S. are rising, as X also faces a broader investigation.

65 comments

Just ban the whole damn Nazi platform.
- EU does not have the balls to do it. Same as Democrats in US.
  
  At least they have the balls to impose 1 billion euro penalties.
  
  Sadly, you're right. Although if the the extreme aggression coming from the US government continues, they might actually get prodded into doing something about it eventually.
- They could leave it first, but yes.
It’s worth $33B isn’t it? Go higher please
- "Worth" only according to its owner, who paid himself to buy it from himself under a different org. Good luck finding an outside investor willing to spend $30B on it now that it's turned into a hate pool with a shit revenue stream
  
  The last people to evaluate the company under the rules of fiduciary responsibility put the value at $10 billion.
  Musk gets away with this because people believe his Ponzi schemes will make them rich. In a first world country he would be in prision for fraud.
  
  That’s not the point. That’s the value at which the deal was made. Fine him more.
- Even a small hole can sink a ship
up to $1 billion
It will be much less than a billion.
If a fine can be paid without causing financial strain, then it just becomes part of the cost of doing business.
If you want results, fine him $100 billion.
- Also, they should fine him in €
  
  Agreed.
Finally, I've been waiting for this.
"EU set to...", "EU plans to...", do something already for fuck sake!
- There's a legal process that they have to get right, the investigation only started last year.
  
  I see, thank you for the clarification.
Twitter might as well be 4chan with how heavily I avoid that site now.
- Least 4chan creates memes
- It's worse. I've never actually avoided 4chan I just don't go there. I actually avoid Twitter and have been for the past few years
- Twatter is 4chan gold.
  whoa-in-a-disco.meme.png
Let's goooooooo
Only a matter of time until this guy buys Reddit.
I call it in 2026. So glad I’m out of that place.
Do it motherfuckers, I dare ya!
I would just outright ban all of this Nazis businesses
- At this point in time absolutely. Plus a good old tar n feather session wouldn't hurt
Make it $10 billion. $1 billion is nothing to Elon Musk and X. Fine his Tesla swasticars company too for something.
- This will impact the stock price. Tesla will lose more than the fine in total.
- Block his sites Europe-wide at the ISP level. Make Google and Apple block his apps from the European app stores.
  Hit him where it'll really upset him.
Just block them completely
Fines should be $1 billion or more. What fines currently are discourage no one.
Maybe add 20% tariffs to that
Good, make Musk lose as much money as possible
let's see it.
Make it per day and he might actually care.
- ... Doubling every day...
Make it 44 billion.
"Up to", in the context of fining non-private entities, usually means the minimum possible (so probably like 50€) and a "next time it's double!"
Start public and decentralized platforms and facist billionaire owned social media will correct in valuation along with its kings
- The fascist isnt censoring peoples speech by force of the government, is that an oxymoron?
  I cant wait until right leaning leaders get these powers next, thats going to be exciting.
  
  I’m American I’m talking to Europeans and Canadians about how to avoid this situation before it’s too late….but also hoping it’s still a possibility that we can take some power back in the us as well. Gotta have some hope
When are we going to learn that this doesn't work.
Elon will make back that billion back in a short enough time that it won't matter!
Start taking percentages of their income! Company needs to pay 30% of their revenue for ten years.
That'll put the fear god in them!
- That'll put the fear god in them!
  Did you mean "the fear of god" or are you polytheistic? Lol
  
  Mhmm. Yes.
  
  Nope they mean "the fear god", a god made of fear.
- Seriously, how much money will have been spent by EU to make this happen
Charge him with 500 counts, and bankrupt him.
I'll believe it when Musk's check is in their bank and has cleared for payment.
just another 349 to go let's go.
A billion dollars in fines might make twitter unprofitable. In a regular company, that would coerce the owners to make changes. But Musk doesn't own twitter because he wants to make money off of it, at least not directly. What Musk uses it for is control. A billion dollars a year in fines will be worth it to him, as long as it gives him more control.
The only way to deny him this undue influence is to ban it outright or fine him a lot more.
I guess nobody told the EU how many billions Musk has.
The EU uses selective prosecution for political ambitions. We are all going to watch the trans-Atlantic relationship crumble.
- What, and the US doesn't? That last part is true, at least.
  
  As if that wasn't already in progress
- Selective as in going after the biggest, most important offenders first? I sure hope they do.
- Brother, did you just discover what politics are, you’re like a babe in the woods, grow up

65 comments