In This Article
- Elon Musk’s X Introduction
- Musk’s AI-Empowered X Faces $1B Fine
- Why Elon Musk X Fine is Creating a Delicate Situation?
The billionaire Elon Musk is facing the potential risk of having a $1B fine from the European Union (EU) against the Digital Services Act (DSA). This law aims to combat the featuring or posting of illicit content to spread disinformation or false news on social media apps.
Although the fine has not been officially charged to Elon, the resources say that the European Union wants to make “X’ an example of the fine to deter other app owners from breaching the sensitive laws. Knowing this, Musk reacted on that same platform, saying it is against freedom of speech.
Elon Musk’s X Introduction
Formally named Twitter, Elon Musk’s X app has become the new identity of the social media network, working since July 2023. Elon has bought this popular platform for $44 billion and changed everything from the logo to all its features and added artificial intelligence to make it more productive and advanced.
Similarly, Webirik Hub is integrating artificial intelligence into websites and apps, adding new features and advanced working to enhance efficiency.
Musk calls X the everything app, and millions of users can talk about anything on it, sharing their feelings, information, and facts. Elon has made it more than just a messaging or Twittering app and enhanced the features towards sharing videos and much more.
The CEO of Twitter, Linda Yaccarino, says,
X will be the platform that can deliver… everything. Twitter plans to make X into a super app, an AI-powered platform centered on audio, video, messaging, and payments/banking — creating a global marketplace for ideas, goods, services, and opportunities.
Musk’s AI-Empowered X Faces $1B Fine
According to the New York Times, European Union regulators are continuously thinking about a $1 billion fine against Musk’s X app. This is going to affect its other companies like SpaceX and Tesla. The European Union claims that X has violated the Digital Services Act.
The rules in this situation say that the amount of the fine is going to be calculated based on the revenue generation of all the sources owned by Elon Musk. All these platforms are the most advanced and popular ones worldwide and are generating a great revenue; therefore, making the fine from all these is going to be a big charge.
In October 2022, the police social media company made a set of laws, including the Digital Services Act, that are playing a critical role in maintaining content on social media. The motto is to control the online illegal and harmful activities.
According to this law, if any company violates the rules allowing the disinformation on social media, 6% of the global revenue for the company is fined. Not only this, the EU is liable to make the changes in the social media platform and its strategies to share the content.
This is the very first time that going against the DSA is making a big fine, and according to the resources, the EU wants to set this incident as an example of how violating the social media rules can harm the whole system.
Why Elon Musk X Fine is Creating a Delicate Situation?
On Thursday, the report showed the fine and other details, but still, the right amount of the fine is not known. Recently, the United States has announced a huge amount of tariffs on other nations, including the European Union, and the incident we are discussing may further damage the relations of the EU with the US.
However, the authorities claim that the fine and other restrictions are independent of the current tariff incident, as they are following the rule made in 2024, and the tariffs were announced in recent days. The whole news is making a political and social effect on the world, and let’s see how much the fine is confirmed and if the company will pay it or do something else to deal with the situation.
