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X to be investigated for allegedly Not Complying with EU laws on hate speech and fake news
(www.theguardian.com)
This is a most excellent place for technology news and articles.
The fine will likely be a percentage of annual global turnover... since twitter doesn't make much money it won't be a huge fine relative to the amount of money Musk has, however it'll just make it that much harder to become profitable and the bad publicity will cause problems.
Best case scenario is they comply with the law and maybe the X network will be good again. I wouldn't hold my breath on that though.