Insider: The EU accuses Musk's X of alleged illegal false information, considering a fine of over 1 billion US dollars

According to Wall Street Journal, the European Union is planning to impose a heavy penalty of over 1 billion dollars on Elon Musk's social media platform X for allegedly violating the Digital Services Act by failing to effectively regulate false information and illegal content on its platform. The regulatory authorities are also advancing a second investigation against X, and may include revenues from Musk's other private companies in the fine base, which could potentially exceed expectations. Analysts believe that the EU's recent regulation of tech companies might be one of the reasons why Trump announced high tariffs on the EU this week.

The New York Times quoted four informed sources revealing that EU regulators are preparing to heavily penalize Musk’s social media platform X for allegedly violating provisions of the Digital Services Act (DSA) aimed at combating illegal content and false information. This penalty is expected to be officially announced this summer, possibly becoming the first formal punishment issued by the EU under this law.