this post was submitted on 04 Apr 2025
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World News

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Summary

The EU plans to fine Elon Musk’s X over $1 billion for violating the Digital Services Act by failing to control disinformation and illicit content.

This would mark the first major penalty under the new law and could trigger a legal clash with Musk, who vowed to fight in court.

Regulators say the fine aims to deter other platforms. Tensions with the U.S. are rising, as X also faces a broader investigation.

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[–] [email protected] 101 points 1 day ago (2 children)

It’s worth $33B isn’t it? Go higher please

[–] [email protected] 20 points 17 hours ago* (last edited 15 hours ago) (2 children)

"Worth" only according to its owner, who paid himself to buy it from himself under a different org. Good luck finding an outside investor willing to spend $30B on it now that it's turned into a hate pool with a shit revenue stream

[–] [email protected] 11 points 16 hours ago

The last people to evaluate the company under the rules of fiduciary responsibility put the value at $10 billion.

Musk gets away with this because people believe his Ponzi schemes will make them rich. In a first world country he would be in prision for fraud.

[–] [email protected] 2 points 15 hours ago

That’s not the point. That’s the value at which the deal was made. Fine him more.

[–] [email protected] 7 points 18 hours ago

Even a small hole can sink a ship