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Key Takeaways
- X is expected to receive a warning from the European Commission for potentially violating the Digital Services Act, according to a Bloomberg report.
- The DSA obligates online platforms to be more transparent about how they collect data, and outlines how to deal with illegal content and disinformation.
- The European Union has stepped up its enforcement efforts against big tech companies with the newly enacted DSA and the Digital Markets Act.
The European Union (EU) is expected to level a formal warning against X, the Elon Musk-owned social media network formerly known as Twitter, for failing to combat dangerous content, according to a Bloomberg report.
Thierry Breton, Internal Market Commissioner of EU enforcement arm the European Commission, is expected to announce a potential violation of the Digital Services Act (DSA), according to the report. Such a move could result in a fine of up to 6% of X’s revenue if the platform doesn’t return to compliance.
Asked for comment, X responded via email to Investopedia, “Busy now, please check back later.”
EU Accusing Big Tech Companies of Violating New Digital Laws
This week, the European Commission accused Meta Platforms’ (META) practice of “pay or consent” advertising on Instagram and Facebook of violating the new Digital Markets Act (DMA), and charged Apple (AAPL) with its own DMA violation for unfairly restricting how developers can seek payments.
Microsoft (MSFT) has also been warned of a potential violation of EU antitrust rules by bundling Teams with its other Office products, the Commission announced last week.
The DMA, which went into effect in March, was passed to curb the power of tech “gatekeepers” including Apple, Microsoft, Meta, Alphabet, Amazon (AMZN), and TikTok parent ByteDance.
The DSA, meanwhile, obligates online platforms to be more transparent about how they collect data, and outlines how to deal with illegal content and disinformation.