Under the New Digital Services Act, X Faces Potential Fines Up to 6% of Total Revenue if It Fails to Comply
The European Commission is reportedly preparing to serve Elon Musk's social media platform, X, with a formal warning for not adequately combating dangerous content. This move comes under the new Digital Services Act (DSA). If X does not take action following the warning, the Commission could impose fines up to 6% of the platform’s total revenue.
X is one of several major tech companies under intense scrutiny by the European Union, alongside giants like Apple, Meta, and Microsoft. The EU's focus is on ensuring these platforms adhere to the stringent guidelines set out by both the Digital Services Act and the Digital Markets Act. X has a history of confronting anti-competitive practices by other tech behemoths, so it is unlikely to remain passive in the face of these allegations.
The Digital Services Act, as detailed on the European Commission website, mandates that users must be able to report illegal content such as hate speech, and platforms are required to process these alerts swiftly and provide updates. The DSA also covers the moderation of misinformation and terrorist propaganda. Bloomberg's sources indicate that Internal Market Commissioner Thierry Breton is expected to issue the warning before the EU's summer recess, scheduled for the end of July.
The outcome of this investigation and the subsequent warning from the European Commission will be pivotal. X, under Elon Musk’s leadership, has been apparently striving to boost its revenue streams and will likely seek to avoid hefty fines. The platform’s response to the Commission’s findings will be critical in determining its future operations and compliance within the European market.
IMAGES CREDITS: X | WIKIPEDIA | EUROPEAN COMMISSION
Social Media Elon Musk Digital Services Act X Platform European Commission Tech Industry Compliance Technology News RSMax
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