The E.U. may target Musk’s X with fines, Bloomberg reports

The European Union, E.U., has warned X that it may calculate fines against the platform by including revenue from Elon Musk’s other businesses, including Space Exploration Technologies Corp. and Neuralink, Gian Volpicelli and Samuel Stolton of Bloomberg reports. Under the EU’s Digital Services Act, the bloc can fine online platforms with as much as 6% of their yearly global revenue or failing to tackle illegal content and disinformation or follow transparency rules. Regulators are considering whether sales from SpaceX, Neuralink, xAI, the Boring Company, in addition to the revenue generated from the social network, should be included to determine potential fines against X, people familiar with the matter told Bloomberg. Tesla’s (TSLA) would be exempt from the calculation since it is a publicly traded company and not under Musk’s full control, one source said.