The Prague Post - EU could hit X with fine before 2025 ends

EUR -
AED 4.221739
AFN 72.42195
ALL 96.020858
AMD 433.494163
ANG 2.057799
AOA 1054.141908
ARS 1605.37418
AUD 1.624033
AWG 2.072072
AZN 1.956718
BAM 1.956216
BBD 2.312592
BDT 140.889991
BGN 1.964944
BHD 0.433904
BIF 3409.199857
BMD 1.149555
BND 1.468745
BOB 7.962695
BRL 6.016654
BSD 1.148249
BTN 105.909466
BWP 15.656401
BYN 3.420428
BYR 22531.272227
BZD 2.309292
CAD 1.573321
CDF 2603.741289
CHF 0.90665
CLF 0.026491
CLP 1046.003057
CNY 7.99659
CNH 7.915788
COP 4258.536902
CRC 539.331228
CUC 1.149555
CUP 30.4632
CVE 110.288957
CZK 24.437268
DJF 204.464414
DKK 7.472795
DOP 70.087053
DZD 152.076946
EGP 60.260464
ERN 17.243321
ETB 180.867995
FJD 2.543332
FKP 0.867843
GBP 0.863807
GEL 3.12688
GGP 0.867843
GHS 12.497715
GIP 0.867843
GMD 84.489549
GNF 10066.449332
GTQ 8.800912
GYD 240.351163
HKD 9.004042
HNL 30.397528
HRK 7.533265
HTG 150.495309
HUF 390.848437
IDR 19524.037117
ILS 3.58941
IMP 0.867843
INR 106.148671
IQD 1504.120182
IRR 1518619.243421
ISK 143.200536
JEP 0.867843
JMD 180.619234
JOD 0.815036
JPY 183.193613
KES 148.69464
KGS 100.528364
KHR 4604.080197
KMF 493.158699
KPW 1034.599226
KRW 1715.158638
KWD 0.353016
KYD 0.956804
KZT 554.468029
LAK 24640.245163
LBP 102820.787438
LKR 357.546111
LRD 210.113813
LSL 19.316712
LTL 3.394336
LVL 0.695354
LYD 7.359599
MAD 10.787196
MDL 19.978253
MGA 4780.038316
MKD 61.633189
MMK 2413.653719
MNT 4105.387442
MOP 9.260171
MRU 45.779741
MUR 53.730046
MVR 17.772551
MWK 1990.632404
MXN 20.343842
MYR 4.509126
MZN 73.460046
NAD 19.316712
NGN 1577.429825
NIO 42.251199
NOK 11.124817
NPR 169.459969
NZD 1.966194
OMR 0.442006
PAB 1.148244
PEN 3.963544
PGK 4.951162
PHP 68.643361
PKR 320.749473
PLN 4.274562
PYG 7452.780967
QAR 4.197012
RON 5.093556
RSD 117.442229
RUB 93.405395
RWF 1675.764008
SAR 4.313987
SBD 9.255824
SCR 16.567608
SDG 690.882734
SEK 10.75655
SGD 1.469594
SHP 0.862464
SLE 28.282209
SLL 24105.59984
SOS 655.042288
SRD 43.19049
STD 23793.461461
STN 24.505963
SVC 10.047139
SYP 127.054517
SZL 19.302193
THB 37.302476
TJS 11.022598
TMT 4.029189
TND 3.391437
TOP 2.767851
TRY 50.805035
TTD 7.786658
TWD 36.654125
TZS 2994.5901
UAH 50.619496
UGX 4334.922774
USD 1.149555
UYU 46.679734
UZS 13882.955262
VES 512.984476
VND 30207.423772
VUV 137.446801
WST 3.144279
XAF 656.099517
XAG 0.01419
XAU 0.000229
XCD 3.106729
XCG 2.069341
XDR 0.815977
XOF 656.099517
XPF 119.331742
YER 274.175214
ZAR 19.190724
ZMK 10347.371931
ZMW 22.36076
ZWL 370.156146
  • CMSD

    -0.0400

    22.95

    -0.17%

  • JRI

    -0.0500

    12.54

    -0.4%

  • BCE

    0.6521

    25.9

    +2.52%

  • NGG

    -0.0100

    90.89

    -0.01%

  • CMSC

    0.0000

    22.99

    0%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • GSK

    0.3800

    53.77

    +0.71%

  • BCC

    1.7200

    71.72

    +2.4%

  • BTI

    1.0100

    60.94

    +1.66%

  • RIO

    2.0300

    89.86

    +2.26%

  • AZN

    2.1100

    192.01

    +1.1%

  • RYCEF

    -0.1500

    16.4

    -0.91%

  • BP

    0.2300

    42.9

    +0.54%

  • RELX

    0.3300

    34.47

    +0.96%

  • VOD

    0.1900

    14.6

    +1.3%

EU could hit X with fine before 2025 ends
EU could hit X with fine before 2025 ends / Photo: Nicolas TUCAT - AFP/File

EU could hit X with fine before 2025 ends

The European Union could fine Elon Musk's X platform for breaking its digital rules by the end of 2025 -- two years into a probe that has tested the bloc's resolve to police the online space.

Text size:

X was the target of the EU's first ever investigation under a major new online content law in December 2023 but after saying it breached the rules and risked a fine, a year later nothing has materialised.

Weighing on the EU's mind is the picture in the United States -- starkly different today from 2023 -- with Big Tech cultivating close ties with the current White House.

When Donald Trump returned as president with Musk by his side at the start of the year, Brussels faced the sobering prospect that any fine on X would fan tensions with the combative US leader.

Since then, top US officials have made plain their distaste for the bloc's tech rules. Speaking in Brussels this week, US Commerce Secretary Howard Lutnick urged the EU to loosen digital laws in exchange for lower steel duties.

"Resolve these outstanding cases that are old," Lutnick urged.

Reviving tensions with the United States would be deeply unwelcome after the bloc fended off a potentially devastating trade war from Trump's tariffs in the summer.

EU officials insist US politics has not steered their decision-making -- but rather making the case water-tight because they expect legal challenges.

The EU executive doesn't want the X probe to drag on for much longer and is expected to slap a fine before the end of the year.

But as Brussels scrambles to influence any US plan to end the war in Ukraine, there could also be a calculation to hold off on a penalty that could irk Trump.

- X marks the fine spot -

Brussels refuses to confirm when the probe will wrap up but tech chief Henna Virkkunen said this month she expects "to conclude some of the investigations" in the coming weeks, in response to a question about X.

It's not just the timing the EU must consider.

Brussels could either slap X with a fine on the basis of the platform's turnover or on the revenues of Musk's entire business empire, including Tesla -- which the bloc's rules theoretically allow it to do.

Pressed for comment, EU spokesman Thomas Regnier said only that the commission had until "the stage of a final decision" to define a service provider -- and hence the size of a potential fine under the Digital Services Act.

The law gives the EU power to fine companies as much as six percent of their global annual revenues.

Any fine needs the approval of the European Commission executive team before being imposed.

- EU under pressure -

The EU's probe against X is wide-ranging -- with regulators still investigating how it tackles the spread of illegal content and information manipulation.

Any fine in the short term, however, would be in punishment for alleged violations published back in July 2024 when the European Commission said the platform's new blue checkmarks deceived users, since anyone could pay to have the label.

X in June sought to mollify the EU by adding a disclaimer to the checkmark.

Brussels also said at the time that X failed to be sufficiently transparent about its advertising and give access to public data to researchers in line with the DSA's rules.

Since July 2024, Brussels has come under pressure to act against X to enforce the bloc's digital rules -- regardless of the potential consequences for US ties.

In January this year, the EU demanded X hand over more details about its algorithms and any recent changes as part of the wide-ranging probe.

C.Zeman--TPP