According to ChainCatcher and Wall Street News, the European Union is planning to impose a fine of over $1 billion on Elon Musk's social platform X, as X is alleged to have violated the Digital Services Act by failing to effectively regulate false information and illegal content. The regulatory body is also advancing a second investigation into X and may include revenues from Musk's other private companies in the fine calculation, potentially resulting in a penalty far exceeding expectations.Analysts suggest that the EU's recent regulation of tech companies might be one of the reasons behind Trump's announcement this week of imposing high tariffs on the EU.

The New York Times, citing four informed sources, revealed that EU regulatory authorities are preparing to impose a significant fine on Musk's social platform X for allegedly violating the Digital Services Act (DSA) provisions regarding combating illegal content and false information. The penalty is expected to be officially announced this summer and could be the EU's first formal punishment under this law.