EU Probes Elon Musk's X in Cryptocurrency Investigation

• Elon Musk's X Under Investigation by European Union Commission
• Problems for Elon Musk's X Following Failure to Adhere to EU's Censorship Request
• Concerns Over Content Moderation Practices on X
• EU's Digital Services Act and the Investigation into X

Elon Musk's X Under Investigation by European Union Commission

The social media platform, X, previously known as Twitter, controlled by the billionaire Elon Musk, is facing an inquiry from the European Union (EU) commission. Allegedly, Musk has not complied with the EU's censorship requests, resulting in a threat of sanctions. This investigation was initiated following a controversy surrounding platform, leading numerous advertisers to contemplate leaving the platform entirely. A formal investigation has been reported by the New York Times, due to Musk's failure to tackle illicit content and disinformation on X.

Problems for Elon Musk's X Following Failure to Adhere to EU's Censorship Request

Since the $44 billion acquisition of Twitter in October 2022, the renamed X platform has experienced a tumultuous journey. The platform has undergone significant changes since Musk took the reins and has continuously evolved within a year of the official purchase. However, in the wake of controversy leading multiple advertisers to consider leaving the platform, the EU Commission has initiated an investigation into X. In addition, Musk is facing potential sanctions from the economic union due to non-compliance with a censorship request.

Concerns Over Content Moderation Practices on X

The New York Times has described the inquiry as the most substantial regulatory move to date against X, as the platform has eased its content moderation practices. This change in policy has led to an increase in inflammatory content on the former Twitter. As of now, X has not issued a response regarding the investigation by the 27-member bloc. On the other hand, these developments are pivotal to Europe's efforts to regulate internet content they categorize as hateful or similar. Contrarily, the United States maintains an internet dominantly unregulated.

EU's Digital Services Act and the Investigation into X

The EU's Digital Services Act has led to increased pressure for compliance concerning the moderation of online content. The investigation into X is ongoing, with no specified deadline according to recent reports.

Edited by Jonathan Stoker