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How will Elon Musk respond to potential EU fines by end of 2024?
2
European Commission•Elon Musk•Twitter•Digital Markets Act•DMA•European Union•Musk•SpaceX•Neuralink•xAI•The Boring Company•Digital Services Act•EU
Resolution / Starting Odds
Accepts and pays the fine • 25%
Negotiates for a reduced fine • 25%
Challenges the fine legally • 25%
No response • 25%
Public statements from Elon Musk or official announcements from X
Story
EU May Fine Musk's X Up to 6% of Global Revenue, Including SpaceX and Neuralink Sales
Oct 17, 2024, 10:08 AM
The European Commission has decided that Elon Musk's social media platform X (formerly Twitter) will not be designated as a 'gatekeeper' under the Digital Markets Act (DMA), exempting it from additional regulations aimed at ensuring fairness in digital markets. Despite this, the European Union has warned that it may calculate fines against X by including revenue from Musk’s other businesses—such as SpaceX, Neuralink, xAI, and The Boring Company—under the bloc’s Digital Services Act (DSA). This move could significantly increase potential penalties for X if it fails to comply with content moderation rules aimed at addressing illegal content and disinformation, which can amount to fines up to 6% of global annual revenue. The EU is considering this approach to address concerns over illegal content and disinformation on the platform.
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Accepts findings • 25%
Defends against findings • 25%
Negotiates settlement • 25%
Other response • 25%
Yes • 50%
No • 50%
Accepts Decision • 25%
Appeals Decision • 25%
Makes Public Accusations • 25%
Takes Legal Action • 25%
Compliance with EU rules • 25%
Legal challenge against EU • 25%
Relocation of operations • 25%
No response • 25%
X wins the case • 25%
X loses the case • 25%
Settlement reached • 25%
Case ongoing • 25%
Fully comply • 25%
Partially comply • 25%
Do not comply • 25%
Appeal the warning • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Fine imposed • 25%
No fine imposed, compliance achieved • 25%
Extended deadline • 25%
Other actions • 25%
Comply with sanctions • 25%
File an appeal • 25%
Negotiate a settlement • 25%
Ignore sanctions • 25%
