The EU intends to fine X (formerly Twitter) 6% of its revenue for violating EU rules on online content control. The commission will make a final decision by the end of 2024.
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The company could then face a fine for failure to comply with the requirements, Bloomberg writes, citing sources.
Investigations into Case X by EU regulators began in December 2023, according to the agency, including into how the social network handled content following the Hamas attack on Israel. The case against X is still ongoing.
The social network Twitter was renamed X in July 2023. Elon Musk bought the domain x.com from PayPal in 2017. According to experts, the transaction value could be as high as $5 million.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
