-- The European Union is preparing to fine Elon Musk's X platform over alleged breaches of the bloc's Digital Services Act, the New York Times reports, citing unnamed sources.
-- The European Commission is expected to fine X and issue a list of demands for product changes, according to the NYT. The EU executive started investigating X in 2023 under the bloc's landmark digital platform regulation, which asks companies to address misinformation and illegal content.
-- The fine could surpass $1 billion, in a move aimed at deterring other companies from flouting the DSA, according to an unnamed source, the NYT said.
-- A commission spokesperson told NYT that the EU enforces fairly and without discrimination on all companies operating in the bloc. X declined to comment to the NYT. After the story was published, the company said in an X post that it would use every option at its disposal to defend the business, calling the move an attack on free speech.
Full story: https://shorturl.at/sYFkm
Write to Edith Hancock at edith.hancock@wsj.com
(END) Dow Jones Newswires
April 04, 2025 06:16 ET (10:16 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。