EU warns: Platform X fine may take into account revenues of several companies owned by Musk

BlockBeats news, on October 17, the European Union warned that when calculating the fine for the social media platform "X", the revenue of Musk's other businesses, including SpaceX and Neuralink, may be included. This practice will greatly increase the potential penalties for violating content review rules. Under the EU's Digital Services Act, the EU can impose fines of up to 6% of its global annual revenue on online platforms if they fail to address illegal content and false information, or fail to comply with transparency regulations. Regulators are considering whether to include sales of SpaceX, Neuralink, xAI and theBoringCompany in addition to the revenue generated by social networks when determining potential fines for "X". One of the people familiar with the matter said Tesla's sales will not be affected by this calculation because it is a listed company and is not under the full control of Musk. The amount of the potential fine is still under discussion. If "X" finds a way to address the concerns of regulators, it may avoid penalties. (Jinshi)