Story perspectives
EU Launches Probe into Musk's X Over $33B Acquisition
6/20/2025
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Story summary
- The European Union is investigating Elon Musk's X following xAI's $33 billion acquisition.
- EU regulators may fine X for violations of the Digital Services Act.
- X has faced criticism for misleading design practices related to its paid blue checkmark.
- Fines could reach 6% of global turnover, with bans for repeat offenders.
- The investigation into X commenced in December 2023.
