Submission + - EU looking at including Elon Musk total revenue in fine calculations (ft.com)
CuriousButterfly writes: The EU is considering including Elon Musk's total revenues in fine calculations related to some of X's questionable practices. X's revenues have dropped significantly since Musk took over, so considering X as an extension of Musk's other businesses would certainly add a bit of pressure against some of the practices that may be deemed illegal in the EU. Issues that might violate the EU Digital Services Act include failing to curb illegal content and disinformation that could face penalties of up to 6 per cent of their annual global turnover.The bill could climb far higher for Musk if regulators decide that Tesla and SpaceX revenues are fair game in their calculations. "Musk and X have been under intense scrutiny from regulators in Brussels. In 2023, the commission opened a probe into the social media platform over the spread of illegal content and disinformation, in particular terrorist and violent content, in the wake of the Hamas attacks of October 7 last year." Still its all pretty early in the process of deciding that maybe he broke the law, or if it would be legal to consider Musk businesses that are actually making money rather than the social media platform that seems to be losing it faster and faster. Other issues have included X's use of "dark patterns" and the rollout of checkmarks for supposedly authentic users that were once reserved for verified users.