The EU warns: Fines for the "X" platform may consider the revenue of multiple companies under Musk

ChainCatcher news, according to Jinshi reports, the EU warns that when calculating fines for the social media platform "X", revenue from Musk's other businesses, including SpaceX and Neuralink, may be taken into account. This approach would significantly increase the potential penalties for violating content moderation rules. Under the EU's Digital Services Act, if illegal content and misinformation issues are not addressed, or if transparency requirements are not met, the EU can impose fines of up to 6% of the platform's global annual revenue.

Regulators are considering whether to include sales from SpaceX, Neuralink, xAI, and theBoringCompany, in addition to revenue generated by the social network, when determining potential fines for "X". One insider indicated that Tesla's sales would not be affected by this calculation, as it is a publicly traded company and not under Musk's complete control. The potential fine amounts are still under discussion. If "X" finds a way to address the regulators' concerns, it may avoid penalties.