EU Imposes $140 Million Fine on Elon Musk’s X for Misleading Practices | AI News Digest
The European Union has reportedly levied a hefty $140 million fine against Elon Musk's social media platform, X, formerly known as Twitter. This sanction arises from accusations that the platform deceived users by issuing fake verified badges and employed dubious data practices, especially in relation to cryptocurrency regulations. The EU's move highlights its increasing vigilance regarding misinformation and user safety across social media channels. This decision could signal a shift toward stricter regulatory frameworks for digital platforms as they grapple with intricate challenges related to data privacy and user confidence. The fine serves as a clear indication of the EU's dedication to ensuring adherence to its digital policy standards.
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