963
EU set to fine Elon Musk's X up to $1 billion for breaking disinformation law
(www.irishstar.com)
Just ban the whole damn Nazi platform.
this post was submitted on 04 Apr 2025
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EU does not have the balls to do it. Same as Democrats in US.
At least they have the balls to impose 1 billion euro penalties.
“Plans to” has as much value as “slams” when it comes to real world impact. I’d love to be proven wrong and have the new title become “actually fines”, but I have my doubts.
There is a history of following through with huge fines https://www.theneweconomy.com/business/top-5-largest-fines-levied-on-tech-companies-by-the-european-commission
I'm optimistic that it will happen eventually. The EU generally is moving with stuff like this, even though it is slow as fuck. But well, let's see, not promising anything...
With the current (digital) regulatory landscape (e.g. GDPR, DMA, DSA and the AI Act that is entering into force in multiple stages right now), the EU has proven to be quite resolute and decisive with their fines and measures. This is all partof their digital de ade stategy and more legislation is coming to tame these tech behemoths. Yes, it isn't always fast or efficiënt, but the EU seems to be only world power that actually has the balls to do something.
This reminds me of EDPB Guidelines that have been published last year. In it, the EDPB had said that in extreme cases, AI models that have been trained on unlawfully obtained data such as personal data without a ground of proxessing etc., nationale authorites may compel the violating developer to delete the whole model. I do not see it happening soon or often, but it is a very good sign that the European authority mentions this as a possible action and outcome in an official document.
"Slams". Look at what journalists did to our boy!
The difference is that the judicial branch needs to be thorough and build a case. Planning to is all they can do until they actually do.
If Shitter is found to do something illegal that should land them a fine that is what will happen.
Sadly, you're right. Although if the the extreme aggression coming from the US government continues, they might actually get prodded into doing something about it eventually.
or is willing to
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(2 replies)
They could leave it first, but yes.
It’s worth $33B isn’t it? Go higher please
"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
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.
That’s not the point. That’s the value at which the deal was made. Fine him more.
Even a small hole can sink a ship
up to $1 billion
It will be much less than a billion.
If a fine can be paid without causing financial strain, then it just becomes part of the cost of doing business.
If you want results, fine him $100 billion.
Finally, I've been waiting for this.
Twitter might as well be 4chan with how heavily I avoid that site now.
Least 4chan creates memes
It's worse. I've never actually avoided 4chan I just don't go there. I actually avoid Twitter and have been for the past few years
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(1 replies)
"EU set to...", "EU plans to...", do something already for fuck sake!
There's a legal process that they have to get right, the investigation only started last year.
I see, thank you for the clarification.
Only a matter of time until this guy buys Reddit.
I call it in 2026. So glad I’m out of that place.
Let's goooooooo
Do it motherfuckers, I dare ya!
Make it $10 billion. $1 billion is nothing to Elon Musk and X. Fine his Tesla swasticars company too for something.
This will impact the stock price. Tesla will lose more than the fine in total.
Block his sites Europe-wide at the ISP level. Make Google and Apple block his apps from the European app stores.
Hit him where it'll really upset him.
Just block them completely
Fines should be $1 billion or more. What fines currently are discourage no one.
Good, make Musk lose as much money as possible
Maybe add 20% tariffs to that
let's see it.
Make it 44 billion.
Make it per day and he might actually care.
... Doubling every day...
"Up to", in the context of fining non-private entities, usually means the minimum possible (so probably like 50€) and a "next time it's double!"
Start public and decentralized platforms and facist billionaire owned social media will correct in valuation along with its kings
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(3 replies)
When are we going to learn that this doesn't work.
Elon will make back that billion back in a short enough time that it won't matter!
Start taking percentages of their income! Company needs to pay 30% of their revenue for ten years.
That'll put the fear god in them!
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(5 replies)
just another 349 to go let's go.
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