European Commission Investigates Elon Musk's X Platform for Potential Breaches of Digital Services Act, Use of Blue Checkmarks Under Scrutiny
The European Commission has investigated Elon Musk's social media platform X to assess if it is breaching the EU's Digital Services Act. The Commission's preliminary view is that X has broken the rules around transparency of advertising, use of dark patterns to mislead users, and blocking access to data for researchers. X's use of blue checkmarks for any user who pays a subscription breaks industry standards for verifying public figures. There is also evidence that some verified users have misled others. X could face fines of up to 6% of its annual global revenue.
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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.