Summary
The EU plans to fine Elon Musk’s X over $1 billion for violating the Digital Services Act by failing to control disinformation and illicit content.
This would mark the first major penalty under the new law and could trigger a legal clash with Musk, who vowed to fight in court.
Regulators say the fine aims to deter other platforms. Tensions with the U.S. are rising, as X also faces a broader investigation.
The last people to evaluate the company under the rules of fiduciary responsibility put the value at $10 billion.
Musk gets away with this because people believe his Ponzi schemes will make them rich. In a first world country he would be in prision for fraud.