00:00 It's Benzinga and here's what's on the block.
00:02 European Union has opened infringement proceedings against Elon Musk's social media platform
00:07 X, previously known as Twitter.
00:09 The proceedings will focus on X's compliance with its duties to counter the dissemination
00:14 of illegal content in the EU, the effectiveness of its social media platform's steps to combat
00:19 information manipulation, and its measures to increase transparency.
00:24 The investigation will also address a suspected deceptive design of the X user interface,
00:30 notably focusing on the platform's so-called "blue checks."
00:33 X says the blue ticks denote verified accounts that have an active subscription to X premium
00:39 service and meet certain eligibility requirements.
00:42 For all things money, visit Benzinga.com.
00:44 [BLANK_AUDIO]
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