EU to the rescue, again.
this post was submitted on 18 Dec 2023
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This is the best summary I could come up with:
The European Union has formally announced it suspects X, previously known as Twitter, of breaching its rules in areas including countering illegal content and disinformation.
"X is focused on creating a safe and inclusive environment for all users on our platform, while protecting freedom of expression, and we will continue to work tirelessly towards this goal," it added.
These are the first formal proceedings launched under the Digital Services Act (DSA), the tough new rules for big tech firms the EU has introduced.
"Today, we opened formal proceedings against X based on several suspected infringements of the Digital Services Act," EU Commission spokesman Johannes Bahrke said.
However, concerns about the nature of the content appearing on X have intensified since it was bought by Elon Musk - in part because he laid off many of its moderators - with the European Commission previously warning it had the biggest disinformation problem of any major platform.
In the US, controversy over extremist material appearing on the site has led to an advertising boycott, a bitter row between Mr Musk and a campaign group, and even questions about whether X could end up going bankrupt.
The original article contains 400 words, the summary contains 192 words. Saved 52%. I'm a bot and I'm open source!
In the US, controversy over extremist material appearing on the site has led to an advertising boycott, a bitter row between Mr Musk and a campaign group, and even…
Please, Lord, let it be true!
questions about whether X could end up going bankrupt.
Twitter is inevitably going to go bankrupt. As soon as the leveraged buyout went through, the company was absolutely doomed.
In the best of times, Twitter has been barely profitable - the annual interest due from the company to have the privilege of being bought out by Musk blew way beyond even the most optimistic income numbers.
Leveraged buyouts should seriously be fucking illegal.