The European Union has reportedly warned X that it could use the revenue of several companies owned by Elon Musk to calculate fines levied against the platform for violating social media laws. European regulators may take the annual revenues of Musk’s other companies — including SpaceX, Neuralink, xAI, and the Boring Company — into account to calculate fines, people familiar with the matter told Bloomberg.
X is being investigated for potentially violating several provisions of the EU’s Digital Services Act (DSA), a sweeping law that requires major platforms to remove posts that contain illegal content — and holds them financially accountable if they don’t. Under the DSA, which was passed in 2022, regulators can fine companies as much as…