Elon Musk's X Hit With Major EU Transparency Penalty

Benzinga

The EU hit X with a $140 million fine for violating the Digital Services Act. Regulators said X misled users with deceptive blue checkmarks, failed to provide required transparency in its ads repository, and restricted researcher access to public data. The ruling follows a two-year probe. X now has 60 days to fix verification issues and 90 days to present remedies for ads and data access. The Commission warned that further noncompliance could trigger ongoing penalty payments. The fine comes a day after the EU opened an antitrust case against Meta, and amid U.S. pressure on Europe to soften tech regulation.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:03The European Commission fined X-140 million dollars for breaching transparency rules under

00:08the Digital Services Act, according to CNBC. Regulators cited deceptive blue check marks,

00:14a lack of transparency in its ads repository, and restricted access to public data for researchers.

00:20The decision followed a two-year investigation and gives X-60 days to address issues with

00:25verification and 90 days to outline fixes for ads and data access.

00:30The ruling followed a two-year investigation under the Digital Services Act,

00:34and the Commission warned that noncompliance could lead to penalty payments.

00:38The fine came one day after regulators opened an antitrust investigation into Meta

00:43and follows U.S. pressure on Europe to ease tech regulations.

00:46For all things money, visit Benzinga.com.

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