EU Considers Including Elon Musk's Other Ventures in Potential Fines Against X

Key Insights

• The EU may calculate fines against X by including revenue from Musk's other enterprises like SpaceX, Neuralink, xAI, and the Boring Company.
• The European Commission is investigating X for possible breaches of the EU’s Digital Services Act.
• Telsa, being publicly traded and not fully controlled by Musk, is excluded from this revenue consideration.

The European Union is reportedly warning social media platform X that any fines imposed for violations of digital regulations could be based on aggregated revenues from Elon Musk’s broader business portfolio. This approach could significantly increase the penalty amount.

According to Bloomberg, the EU's enforcement body is reviewing whether sales from Musk’s ventures such as SpaceX, Neuralink, xAI, and the Boring Company should be included in the fine calculations under the Digital Services Act. This act allows fines up to 6% of a platform’s annual global revenue for failing to address illegal content or misinformation.

Musk has criticized the investigations, asserting they infringe upon free speech rights. However, Tesla, due to its public ownership structure, is not part of the revenue considered for these potential fines.

This development highlights the EU's stringent stance on digital compliance and the increasing scrutiny on social platforms to manage content responsibly.

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