EU Regulators

The European Union is reportedly preparing to levy a hefty fine on X, a social network owned by Elon Musk. The fine, which could exceed $1 billion, is expected to be announced this summer. What Happened: This penalty would be the first under the new EU law. The fine could exceed $1 billion as...

As Meta Platforms (NASDAQ: META) continues on its identity quest that began when it repositioned itself away from being a social media company Facebook to a metaverse platform creator, it went back to social media by launching a Twitter copycat that became the most popular alternative to Twitter in...