EU Threatens Elon Musk’s Entire Empire with Crippling Fines– wltreport.com
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Excerpt:
They tried to make a secret deal with him.
That didn’t work.
So, the EU’s new strategy?
If X can’t censor, they’re not just coming after X—they’re targeting SpaceX and Neuralink too.
That’s right, regulators are considering lumping Musk’s other businesses into the mix.
They’re trying to calculate the largest fines they can invent.
That doesn’t sound very ethical or legal.
The European Union is threatening to fine X based on not only the revenues of X, but also trying to include SpaceX and Elon’s other companies.
It is blatantly illegal and has no basis in law. The EU is conducting lawfare against Elon Musk in an effort to force him to comply with… pic.twitter.com/r2TOXNBPuI
— Wall Street Silver (@WallStreetSilv) October 17, 2024
Elon responded to it with “That would be an insane precedent to set.”
That would be an insane precedent to set
— Elon Musk (@elonmusk) October 17, 2024
Yahoo Finance reports:
The European Union has warned X that it may calculate fines against the social-media platform by including revenue from Elon Musk’s other businesses, including Space Exploration Technologies Corp. and Neuralink Corp., an approach that would significantly increase the potential penalties for violating content moderation rules.
Under the EU’s Digital Services Act, the bloc can slap online platforms with fines of as much as 6% of their yearly global revenue for failing to tackle illegal content and disinformation or follow transparency rules. Regulators are considering whether sales from SpaceX, Neuralink, xAI and the Boring Company, in addition to revenue generated from the social network, should be included to determine potential fines against X, people familiar with the matter said, asking not to be identified because the information isn’t public.
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