EU Threatens Fines for Paid Blue Checks on Social Media Network X

The European Union is considering imposing fines on social media platform X, owned by Elon Musk, for allowing users to pay for blue check verification. The EU argues that this practice deceives users and violates the Digital Services Act by hindering users' ability to discern account authenticity. Musk faces fines up to 6% of X's global annual turnover if the issue is not resolved. This move by the EU is part of its efforts to regulate big tech companies.