Elon Musk has assured the European Commission that Twitter will abide by tough European rules on illegal online content policing now that the social network has passed under his ownership, reported Reuters.
In a previously unreported exchange last week, Musk told Thierry Breton, the EU’s industry chief, that he planned to comply with the region’s Digital Services Act, which levies hefty fines on companies if they do not control illegal content.
The self-described free speech absolutist agreed to hold a meeting with Breton, a former French finance minister, in the coming weeks, two EU officials familiar with the discussions told Reuters.
The exchange came after Breton took to Twitter to warn Musk about the new European legislation on Friday. “In Europe, the bird will fly by our EU rules,” Breton tweeted on Friday.
Related: Elon Musk Subpoenas Stanford In Twitter Case
EU lawmakers approved the landmark rules to rein in tech giants over the summer, which will require online platforms to do more to police the internet for illegal content, with big platforms required to have more moderators than small ones.
Companies will face fines of up to 6% of annual global turnover for breaches of Digital Services Act.
The assurances from Musk appeared to suggest a pragmatic attitude from the CEO of electric car maker Tesla, who has previously expressed his desire to see Twitter with fewer limits on content.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI