The European Commission said it will “make sure” it receives money owed by Elon Musk’s X after the company was fined €120 million for failing to meet transparency rules.
The Commission on Friday said X has breached transparency and deceptive design obligations under the EU’s platforms regulation, the Digital Services Act, and issued the €120 million penalty.
The decision set off a cascade of accusations of censorship from U.S. officials, Musk and his supporters, with some suggesting the company should refuse to pay the fine.
wow that’s really going to hurt him. 🙄
can we make fines like these a percentage of total asset value please?
EU fines aren’t one and done.
This is the first fine, if they don’t comply in the future (edit: in 90 days), they’ll get more fines, increasing each time.
That doesn’t mean it’s not a shitty fine. Give them proper incentive to change instead of a measly slap on the wrist
No. It’s a valid system - and it gives the companies incentives. Ask MS who payed 2.2 billion by now, 9.7 Billions from google,etc.
Both have changed decisions/adopted their eco system which they earlier claimed as “impossible to change”. Same goes for apple,btw.
We just reached the first step of a ladder. But each step is at least double what it was before.
If eventually fines do get calculated on their total income (which is possible, they can issue fines up to 2% of total yearly income if I remember correctly) and these fines are starting to come in more frequently it gets quite expensive really fast.
The EU does this already. And I agree, $140million is not much, EU-wide. Last I heard it was just 1 member state who issued a similar fine - times 27 that would already hurt a little.
All the dumber that Musk is making such a stink about what is really less than peanuts to him.
It is peanuts to him but I think his hissyfit is not so much about the money but the fact that the EU has the capacity to regulate his company. As an billionaire in the US he is very much used to doing whatever he wants with no consequences or constraints from regulatory agencies.