EU considers calculating X fines by including revenue from Musk’s other firms
European Union regulators warned Elon Musk's X platform that it may calculate fines by including revenue from Musk's other companies, including SpaceX, according to a Bloomberg article published today.
X was previously accused of violating the Digital Services Act (DSA), which could result in fines of up to 6 percent of total worldwide annual turnover. That fine would be levied on the "provider" of X, which could be defined to include other Musk-led firms.
Bloomberg writes that "regulators are considering whether sales from SpaceX, Neuralink, xAI and the Boring Company, in addition to revenue generated from the social network, should be included to determine potential fines against X, people familiar with the matter said, asking not to be identified because the information isn't public." Bloomberg's report says that Tesla "sales would be exempt from this calculation because it's publicly traded and not under Musk's full control."