Elon Musk’s X may face EU fine of more than $1 billion

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Elon Musk’s X is staring down the possibility of a record-breaking fine from the European Union (EU). 

Reports suggest that the EU’s antitrust regulators are considering a penalty of more than $1 billion for breaching the Digital Services Act (DSA), making X a high-profile example of what happens when tech companies fail to comply with the region’s stringent laws. 

According to a report by The New York Times, the fine is expected to be officially announced this summer. 

Unlike other tech giants like Google, Meta, and Apple that have faced EU security, which were publicly-traded, X is privately owned by Musk, adding another layer of complexity to the situation.