Official EU statements, news reports from reliable sources like Bloomberg

EU to Issue Final Warning to Musk's X Over Dangerous Content, Faces 6% Revenue Fine

Jul 4, 2024, 05:44 PM

Elon Musk's social media platform X is set to be served with a final warning by European Union regulators for failing to combat dangerous content. This action marks the third instance of the EU taking a strong stance against Big Tech in recent weeks. The warning comes under the Digital Services Act (DSA), which mandates stringent content moderation standards. X faces potential fines of up to 6% of its global revenue if it fails to comply. The platform has undergone significant layoffs in its Trust & Safety team, raising concerns about its ability to meet the DSA requirements, according to Bloomberg.