Elon Musk may pull his micro-blogging platform X from Europe due to the EU's new Digital Services Act (DSA), which came into effect in August this year.
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What is DSA?
The DSA requires online platforms like X and Meta to establish transparent content moderation systems and enforce rules against false, misleading, and harmful content.
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Potential penalties
X faces potential fines and penalties of up to 6% of its global revenue if found in violation of the DSA.
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X under scrutiny by EU
EU Commissioner Thierry Breton last week launched an investigation into X's compliance with the new law in connection with rising fake news concerns amid the Israel-Hamas war.
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Musk's potential response
An anonymous source cited by The Insider claims that Musk has discussed either removing his platform's availability in Europe or blocking EU users from accessing it.
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What next?
As this situation develops, it remains to be seen how X will adjust its policies and practices to comply with the new law, if at all.