The European Commission said it will “make sure” it receives money owed by Elon Musk’s X after the company was fined €120 million for failing to meet transparency rules.
The Commission on Friday said X has breached transparency and deceptive design obligations under the EU’s platforms regulation, the Digital Services Act, and issued the €120 million penalty.
The decision set off a cascade of accusations of censorship from U.S. officials, Musk and his supporters, with some suggesting the company should refuse to pay the fine.
€120M compared to his promised $700B (€600B) bonus is 0.02% or (assuming 365 days per year, 12 hours per day) is equivalent to 56 minutes of work.
It has about the same disincentive as a $7 fine for a minimum wage worker.
This is only considering the bonus and ignoring any income on top of that. He can afford it without even thinking.
Aren’t the fines coming from the shareholders and not Musk’s personal bank account?
isn’t musk a trillionaire? i’m sure he’ll feel the pain of this
You could take a dime from a millionaire and they would cry about it forever. It’s not about the money it’s about the conversion of money to power, it’s a loss of power they’re upset about not necessarily the actual money or what it could be used on.
In America, €120 million could buy half of Congress.
More than half, people just didn’t know how inexpensive it was to buy positions.
Congress are a lot cheaper whores than that.
“I’m not corrupt, but 20 bucks is 20 bucks”.
Oddly enough, I think this would be an effective thing.
Musk, like all bullies, just doesn’t want any accountability whatsoever. Yes, the amount is trivial given his means, but as we saw in South America, he is perfectly willing to back down when a challenge is meaningful, culturally if not materially.
They’re not fining Musk. They’re fining X/Twitter.
I’m almost certain Musk has 120mil in loose change, hiding in his couch.
Guy is a trillionaire. Who cares about 120 million :|
The kinds of human-substitute that become trillionaires, evidently
Is this like when the local library hounds me for late return fees? It feels financially comparable when you slap such a small amount on it .
Add three more zeroes to the fine. The neo-Nazi loser can afford it.
it would really be something if the app lost all its EU users
That doesn’t fill me with amazing confidence.
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The charges are clear. https://ec.europa.eu/commission/presscorner/detail/en/ip_25_2934
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Yes. Seriously. And if x wants to operate in the EU then it has to follow EU law.
Consumer protection still exists and what x is doing with it’s ‘verified’ badges is just straight up deception. The only thing it verifies is that that account has paid x money.
Second, relating to transparency in advertising. Hybrid warfare is a major threat to the stability of Europe’s society, institutions and democracy. A major vector for that is propaganda carried out through Facebook and X. Both through fake users and adverts.
The EU should very much take this seriously and I’m glad that they are.
