EU Considers Including Musk's Other Ventures In Social Media Fines

According to PANews, the European Union has issued a warning that it may consider the revenues from Elon Musk's other businesses, including SpaceX and Neuralink, when calculating fines for the social media platform 'X'. This approach could significantly increase the potential penalties for violations of content moderation rules. Under the EU's Digital Services Act, online platforms can be fined up to 6% of their global annual revenue for failing to address illegal content and misinformation or for not complying with transparency requirements. Regulators are contemplating whether to include the sales from SpaceX, Neuralink, xAI, and The Boring Company in determining potential fines for 'X', in addition to the revenue generated by the social network itself. One insider noted that Tesla's sales would not be included in this calculation, as it is a publicly traded company and not fully controlled by Musk. The potential fine amounts are still under discussion. If 'X' finds a way to address the regulators' concerns, it may avoid penalties.