Summary
Elon Musk's social media platform X has been fined €120 million by the European Union. The fine is due to X allowing users to pay for blue verification check marks without properly confirming the identity of the users, which can lead to scams. The EU also mentioned issues with advertisement transparency and restricting access for researchers.
Key Facts
- X received a €120 million fine from the EU.
- The fine is related to allowing users to buy blue check marks, which are meant to verify identities.
- The EU stated that this approach can lead to scams and fraud.
- X also failed to provide clear information about its ads.
- Researchers faced limitations in accessing public data on the platform.
- This is the first time the EU enforced its Digital Services Act on a platform.
- The EU's Digital Services Act includes rules about content, data, and advertising for online companies.
- US Vice President JD Vance criticized the EU, arguing that it should support free speech instead of imposing fines.
