EU fraud charges against X
Social media company X has been accused of breaching EU online content laws. The EU Commission said on Friday that X is cheating users through Blue Tick. News Now
Billionaire Elon Musk bought Twitter in 2022 for $44 billion. Then to increase the income, the medium was introduced to sell blue ticks in exchange for money. Earlier, public figures were covered under free Blue Tick.
The EU Commission has alleged that many unscrupulous individuals are misleading users by buying Blue Ticks with false information. Which is cheating. In addition, the EU Commission found X's lack of transparency in advertising.
If the complaint is proved, 6 percent of the annual income will be added to the fine.
Meanwhile, Elon Musk said that his company is being harassed for not agreeing to a secret agreement with the company. He has announced to file a lawsuit against the EU Commission soon.
