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Elon Musk’s platform X faces over $1 billion fine from EU regulators: NYT

  • The European Union may impose over $1 billion in penalties against Elon Musk's platform X for violating the Digital Services Act, according to The New York Times.
  • An investigation revealed that X abused its verified account system and lacked transparency in advertisements, violating E.U. Standards.
  • X's Global Government Affairs team stated that the platform has complied with the E.U. Regulations and will defend its operations.
  • The E.U. Is examining whether X's content moderation practices contribute to hate speech and misinformation.
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Blockchain & Cryptocurrencies Tabloid broke the news in on Wednesday, April 2, 2025.
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