00:00It's Benzinga, and here's what's on the block.
00:02The European Commission has opened an investigation into Elon Musk's social media platform X
00:07to assess if it is breaching the EU's Digital Services Act.
00:11The Commission's preliminary view is that X has broken the rules around transparency
00:15of advertising, use of dark patterns to mislead users, and blocking access to data for researchers.
00:21X's use of blue checkmarks for any user who pays a subscription breaks industry standards
00:26for verifying public figures.
00:29There is also evidence that some verified users have misled others.
00:32X could face fines of up to 6% of its annual global revenue.
00:36For all things money, visit Benzinga.com.
Comments