Elon Musk-owned X to face formal warning by EU regulators for failing to combat dangerous content

Internal Market Commissioner Thierry Breton is likely to announce fines of 6 percent of X’s revenue before the EU’s summer recess due to the escalations.

By  Storyboard18Jul 5, 2024 2:29 PM
Elon Musk-owned X to face formal warning by EU regulators for failing to combat dangerous content
The authority will give a formal decision on the matter by the end of the year if X fails to make the required changes to address the EU’s preliminary findings. (Representative Image: Rubaitul Azad via Unsplash)

European Union regulators are about to serve Elon Musk-owned X with a formal warning for failing to combat dangerous content.

Internal Market Commissioner Thierry Breton is likely to announce fines of 6 percent of X’s revenue before the EU’s summer recess due to the escalations, CNBC-TV18 reported.

The authority will give a formal decision on the matter by the end of the year if X fails to make the required changes to address the EU’s preliminary findings. Post this, X might be facing a financial penalty for non-compliance.

The EU’s warning shot at X comes after an investigation that was opened by regulators in December last year. Inquiries were made by Brussels watchdogs over the handling of content after the Hamas attacks on Israel on Oct 7. Investigations have also been opened into Meta Platforms Inc., AliExpress, and ByteDance Ltd.’s TikTok, reported CNBC-TV18.

It was also reported that the proceedings against X are ongoing and there are no time limits on the next step. 

The EU’s DSA and the Digital Markets Act, or DMA, are two new laws that put the spotlight on the big online platforms.


Tags
First Published on Jul 5, 2024 1:12 PM

More from Storyboard18

How it Works

India’s media ‘Does not need foreign validation,’ says I&B Ministry

India’s media ‘Does not need foreign validation,’ says I&B Ministry

How it Works

CCI raids could accelerate shift from “media muscle” to “strategic agility”, writes indie ad agency Famous Innovations founder

CCI raids could accelerate shift from “media muscle” to “strategic agility”, writes indie ad agency Famous Innovations founder

How it Works

Burnout crisis grips India's IT sector: 25% of professionals work 70+ hours weekly: Report

Burnout crisis grips India's IT sector: 25% of professionals work 70+ hours weekly: Report

How it Works

Breaking News Dominates Viewer Engagement: BrandPulse Report

Breaking News Dominates Viewer Engagement: BrandPulse Report

How it Works

26 channels won in 86th online MPEG-4 e-auction

26 channels won in 86th online MPEG-4 e-auction

How it Works

Sun TV Network’s Kal Radio gets NCLT approval for Udaya FM amalgamation

Sun TV Network’s Kal Radio gets NCLT approval for Udaya FM amalgamation

How it Works

Sports AdEx up 7% in 2024 to reach Rs 7,989 cr: GroupM

Sports AdEx up 7% in 2024 to reach Rs 7,989 cr: GroupM

How it Works

Zomato's AI push leads to 600 job cuts in customer support: Report

Zomato's AI push leads to 600 job cuts in customer support: Report