Europe may fine Elon Musk’s X more than $1 billion

European Union (EU) regulators are reportedly preparing to impose substantial penalties on Elon Musk’s social media platform, X, for alleged violations of the key law designed to combat illegal content and disinformation. The penalties will encompass both a financial fine and mandates for product modifications, the report said.

These measures, anticipated to be announced this summer, will mark the first enforcement actions under the Digital Services Act (DSA), an EU legislation aimed at ensuring social media companies actively police their platforms, news agency Reuters reported, citing sources familiar with the matter.