Under the EU's Digital Services Act, the bloc can slap online platforms with fines of as much as 6 per cent of their yearly global revenue for failing to tackle illegal content and disinformation or follow transparency rules. Regulators are considering whether sales from SpaceX, Neuralink, xAI and the Boring Company, in addition to revenue generated from the social network, should be included to determine potential fines against X, people familiar with the matter said, asking not to be identified because the information isn't public.
The European Commission has been investigating X for several potential breaches of the Digital Services Act (DSA), newly introduced rules meant to ensure platforms police illegal content.
This story is from the October 18, 2024 edition of Business Standard.
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This story is from the October 18, 2024 edition of Business Standard.
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