EU stops advertising on X over hate speech. Fines could follow next year | CNN Business
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The European Union is pulling its advertisements from Elon Musk’s X for now, citing an “alarming increase” in hate speech and disinformation on the platform formerly known as Twitter.

EU stops advertising on X over hate speech. Fines could follow next year::The European Union is pulling its advertisements from Elon Musk’s X for now, citing an “alarming increase” in hate speech and disinformation on the platform formerly known as Twitter.

  • Wrench@lemmy.worldEnglish
    316·
    1 year ago

    I get, and approve of, ending your sponsorship via ads. But I don’t think legal recourse should be rewarded.

    Any business transaction has risk. If you decide to advertise on Superbowl, you’re putting your chips on NFL.

    If you’re advertising on Twitter, after the Musk purchase, your money is on Musk and Twitters staff to continue the value. If Musk says stupid shit that devalues your investment… well, that’s on you for putting your money on it, and not exercising your exit clause a year ago.

    • Tosti@feddit.nlEnglish
      26·
      1 year ago

      The fines would be for non compliance with the law not for not being able to advertise. Or did I read your comment wrong?

      • Kayn@dormi.zoneEnglish
        14·
        1 year ago

        I think the person you replied to assumed that the legal action was related to the pulling of ads, when they’re actually two independent incidents.

    • ThenThreeMore@startrek.websiteEnglish
      7·
      1 year ago

      It’s two separate things, from the article:

      A more drastic move could come next year. The European Commission, the bloc’s executive arm, could impose a fine of more than $100 million on X if the company is found to have breached tough new EU rules aimed at cleaning up digital media.