After this company in Google, Meta, Apple, Elon Musk faces a $1 billion fine, please read more here

Elon Musk’s social media platform X (formerly Twitter) could face a huge fine from the EU, which could exceed $1 billion. This will make it one of the largest fines for the EU’s new technology law, the Digital Services Act (DSA). According to the New York Times, the fine may be officially announced this summer.

EU regulators are reportedly considering including revenues such as Musk’s other companies (such as SpaceX) while deciding on the amount of fines, EU regulators are considering making this situation even more unique. If this happens, the penalty may be higher. Unlike the big tech companies like Google, Apple or Meta listed publicly, X is privately owned by Musk, which adds more legal complications.

In addition to fines, X could also be required to make serious changes to how Europe works. This may include stricter rules about content review, how it displays ads and how risk is managed online.

In response, X strongly postponed. The company called the fine on its global government affairs account “freedom of speech” and “political censorship”. X added that it has worked hard to comply with EU rules and will fight to protect the rights of its business and users.

The problem is that tensions in how to regulate tech companies between Europe and the United States are intensifying. While some reports say the EU may be easier on companies like Apple and Yuan, X appears to face tougher treatment.

The EU began investigating X at the end of 2023 to check whether it violated rules related to content moderation, transparency, risk control and misinformation dissemination, especially regarding Israel’s war in Palestine. The EU also looked at how X’s “community annotation” feature works and whether it’s enough to stop fake content.

Earlier this year, X was told to share internal files, such as how its algorithm works and how it can share data with researchers.

But that’s not all.

X is also dealing with legal troubles in India. The company has brought the Indian government to the court, saying the authorities forced the content to drop without proper legal proceedings. X also refused to join “Sahyog” (a government system that governs content deletion requests), calling it a “censorship portal.” The Indian government fought back, saying X misrepresented the platform.

These legal battles are taking place when Musk’s other companies, Tesla and SpaceX, attempting to get approval to enter the Indian market. Tesla wants to sell electric cars, and SpaceX wants to launch Starlink Internet service in India with the help of Jio and Airtel.