Loading...
Market
What penalty will the EU impose on X under the DSA 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
No penalty • 25%
Penalty up to 2% of global revenue • 25%
Penalty between 2% and 4% of global revenue • 25%
Penalty between 4% and 6% of global revenue • 25%
Official announcements from the European Commission or related EU bodies
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.
View original story
Similar markets
Less than 1% of global revenue • 25%
1% to 3% of global revenue • 25%
3% to 6% of global revenue • 25%
No fine imposed • 25%
X is fined • 25%
X is required to make operational changes • 25%
X faces a temporary suspension • 25%
No significant action taken • 25%
No further action • 25%
Minor changes implemented • 25%
Major changes implemented • 25%
Platform sanctioned • 25%
No action taken • 25%
Warning issued • 25%
Fines imposed • 25%
Gatekeeper designation • 25%
No action taken • 25%
Warning issued • 25%
Fines imposed • 25%
Other penalties • 25%
No action taken • 25%
Fined less than 6% of revenue • 25%
Fined 6% of revenue • 25%
Significant operational changes mandated • 25%
No impact • 25%
Up to 3% revenue loss • 25%
3% to 6% revenue loss • 25%
More than 6% revenue loss • 25%
1% to 3% • 25%
3% to 6% • 25%
Less than 1% • 25%
More than 6% • 25%