Statistics reveal that the European Union is preparing to impose a fine on X, Elon Musk’s social network, that could exceed $1 billion. This penalty stems from a violation of the EU’s Digital Services Act, identified by the European Commission last year. The fine, expected to be issued this summer, would mark the first under the new law. According to sources, the penalties will also include demands for product changes. The Digital Services Act permits fines up to 6 percent of a company’s global annual revenue. EU regulators are considering calculating the fine based on revenue from Musk’s other ventures, such as SpaceX. This approach remains under review. The fine’s magnitude aims to set a precedent and deter other companies from breaching the Act.
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