European regulators just hit Musk's social platform with a massive €120 million penalty over transparency issues. The fine stems from violations related to disclosure requirements—basically, authorities weren't happy with how the platform was handling its transparency obligations. This marks another chapter in the ongoing friction between Big Tech and European regulatory bodies, who've been tightening the screws on platform accountability. Worth noting that this isn't pocket change even by tech giant standards, and it signals that EU enforcers mean business when it comes to compliance. The decision could set precedent for how other platforms navigate similar regulatory frameworks moving forward.
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LayerZeroHero
· 12-05 16:04
It has been proven that an imperfect transparency mechanism is the biggest security risk. 12 billion euros is a real and tangible price to pay.
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ser_we_are_ngmi
· 12-05 16:03
This €120 fine sounds scary, but for Musk it's probably just a drop in the bucket... The real issue is that it gives the EU an excuse to keep milking him next time.
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SquidTeacher
· 12-05 15:51
120 million euros? Musk must be feeling the pain now, the EU isn't just bluffing.
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Such a heavy fine for transparency issues, looks like big platforms can't play the information asymmetry game anymore.
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This time the EU means business, other platforms better hurry up and do self-checks.
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Oh my, such strict regulation... but honestly, platforms should've been transparent in the first place, can't blame anyone else.
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Another EU case, another sky-high fine, tech companies really have no way out over there.
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Just treat the 120 million as a lesson, compared to the money they've made, it's just peanuts.
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I just want to know how this money will be spent, will it really improve user experience?
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This was bound to happen sooner or later, lack of transparency always gets punished eventually.
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Digging a hole for other platforms again, if they investigate by this standard, everyone will get fined.
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What can fines really change? Unless they change the rules, things will just continue as before.
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MagicBean
· 12-05 15:47
Ha, €120 million fine... The EU is serious this time, this is what you call killing the chicken to scare the monkeys.
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MEV_Whisperer
· 12-05 15:37
The EU really isn't holding back with Musk... 120 million, and they just fine him without hesitation. Looks like they're being extremely strict about this transparency issue.
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Anon32942
· 12-05 15:36
€120 million, this time the EU really isn't holding back... They talk about transparency issues, but it feels like they just want to crush them.
European regulators just hit Musk's social platform with a massive €120 million penalty over transparency issues. The fine stems from violations related to disclosure requirements—basically, authorities weren't happy with how the platform was handling its transparency obligations. This marks another chapter in the ongoing friction between Big Tech and European regulatory bodies, who've been tightening the screws on platform accountability. Worth noting that this isn't pocket change even by tech giant standards, and it signals that EU enforcers mean business when it comes to compliance. The decision could set precedent for how other platforms navigate similar regulatory frameworks moving forward.