953
EU set to fine Elon Musk's X up to $1 billion for breaking disinformation law
(www.irishstar.com)
I would just outright ban all of this Nazis businesses
this post was submitted on 04 Apr 2025
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At this point in time absolutely. Plus a good old tar n feather session wouldn't hurt
Just ban the whole damn Nazi platform.
EU does not have the balls to do it. Same as Democrats in US.
At least they have the balls to impose 1 billion euro penalties.
“Plans to” has as much value as “slams” when it comes to real world impact. I’d love to be proven wrong and have the new title become “actually fines”, but I have my doubts.
"Slams". Look at what journalists did to our boy!
With the current (digital) regulatory landscape (e.g. GDPR, DMA, DSA and the AI Act that is entering into force in multiple stages right now), the EU has proven to be quite resolute and decisive with their fines and measures. This is all partof their digital de ade stategy and more legislation is coming to tame these tech behemoths. Yes, it isn't always fast or efficiënt, but the EU seems to be only world power that actually has the balls to do something.
This reminds me of EDPB Guidelines that have been published last year. In it, the EDPB had said that in extreme cases, AI models that have been trained on unlawfully obtained data such as personal data without a ground of proxessing etc., nationale authorites may compel the violating developer to delete the whole model. I do not see it happening soon or often, but it is a very good sign that the European authority mentions this as a possible action and outcome in an official document.
I'm optimistic that it will happen eventually. The EU generally is moving with stuff like this, even though it is slow as fuck. But well, let's see, not promising anything...
There is a history of following through with huge fines https://www.theneweconomy.com/business/top-5-largest-fines-levied-on-tech-companies-by-the-european-commission
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Up to 1 billion, it will be less than that and it will be dragged out as long as possible... And still it isn't as beneficial as plain blocking the nazi websites.
Sadly, you're right. Although if the the extreme aggression coming from the US government continues, they might actually get prodded into doing something about it eventually.
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Start public and decentralized platforms and facist billionaire owned social media will correct in valuation along with its kings
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It’s worth $33B isn’t it? Go higher please
"Worth" only according to its owner, who paid himself to buy it from himself under a different org. Good luck finding an outside investor willing to spend $30B on it now that it's turned into a hate pool with a shit revenue stream
The last people to evaluate the company under the rules of fiduciary responsibility put the value at $10 billion.
Musk gets away with this because people believe his Ponzi schemes will make them rich. In a first world country he would be in prision for fraud.
That’s not the point. That’s the value at which the deal was made. Fine him more.
Even a small hole can sink a ship
up to $1 billion
It will be much less than a billion.
If a fine can be paid without causing financial strain, then it just becomes part of the cost of doing business.
If you want results, fine him $100 billion.
Also, they should fine him in €
Agreed.
Make it $10 billion. $1 billion is nothing to Elon Musk and X. Fine his Tesla swasticars company too for something.
Block his sites Europe-wide at the ISP level. Make Google and Apple block his apps from the European app stores.
Hit him where it'll really upset him.
This will impact the stock price. Tesla will lose more than the fine in total.
Maybe add 20% tariffs to that
Good, make Musk lose as much money as possible
let's see it.
Twitter might as well be 4chan with how heavily I avoid that site now.
Least 4chan creates memes
It's worse. I've never actually avoided 4chan I just don't go there. I actually avoid Twitter and have been for the past few years
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Do it motherfuckers, I dare ya!
Finally, I've been waiting for this.
"EU set to...", "EU plans to...", do something already for fuck sake!
There's a legal process that they have to get right, the investigation only started last year.
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Let's goooooooo
Only a matter of time until this guy buys Reddit.
I call it in 2026. So glad I’m out of that place.
Just block them completely
Fines should be $1 billion or more. What fines currently are discourage no one.
Make it 44 billion.
"Up to", in the context of fining non-private entities, usually means the minimum possible (so probably like 50€) and a "next time it's double!"
When are we going to learn that this doesn't work.
Elon will make back that billion back in a short enough time that it won't matter!
Start taking percentages of their income! Company needs to pay 30% of their revenue for ten years.
That'll put the fear god in them!
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