Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > EU steps up probe into Musk's X with new demands
    Finance

    EU steps up probe into Musk's X with new demands

    EU steps up probe into Musk's X with new demands

    Published by Global Banking and Finance Review

    Posted on January 17, 2025

    Featured image for article about Finance

    By Marine Strauss and Philip Blenkinsop

    BRUSSELS (Reuters) -The European Commission said on Friday it was stepping up its investigation into whether Elon Musk's social media network X breached EU rules on content moderation with requests for information and an order for it to retain relevant documents.

    The Commission, which started its investigation against X in December 2023, requested the company to provide by Feb. 15 internal documentation about its recommender system that makes content suggestions to users, and any recent changes made to it.

    "Today we are taking further steps to shed light on the compliance of X's recommender systems with the obligations under the DSA," EU digital chief Henna Virkkunen said in a statement, referring to the European Union's Digital Services Act (DSA).

    X did not immediately respond to a request for comment.

    The Commission played down reports earlier this week that it was reviewing its investigations against big tech companies, stressing that they are continuing as normal and U.S. President-elect Donald Trump's return to the White House did not affect its commitment to enforcing its laws.

    Trump, who takes over as the 47th U.S. president on Monday, has been critical of various EU policies. Bolstered by his stance, other U.S. CEOs, such as Meta's Mark Zuckerberg, have sought his help to fight EU regulations.

    Meta last week scrapped its U.S. fact-checking programmes and Zuckerberg said he would work with Trump to push back on censorship around the world, highlighting the increasing number of laws institutionalising censorship in Europe.

    X owner Musk, who is an ally of Trump, has also repeatedly clashed with EU regulators, and riled mainstream European politicians by backing the far-right Alternative for Germany (AfD) in Germany's election next month, and endorsing Britain's right-wing Reform party.

    Some European politicians have accused Musk of meddling in elections, such as with his streamed conversation with the leader of AfD.

    Musk has said the criticism is an affront to democracy and free speech.

    The Commission has said Musk is free to speak his mind and can hold live streams with politicians but is assessing whether algorithms boost a single narrative and "shadow-ban" other views, so posing a risk to fair elections.

    The debate on free speech has put a focus on the EU's DSA, which is intended to address illegal content such as hate speech and election interference.

    The Commission issued a "retention order" requiring X to keep internal documents and information on future changes to the design and functioning of its recommender algorithms for the period from Jan. 17 to the end of 2025.

    It also requested access to certain of X’s technical interfaces to its content that would allow direct fact-finding on content moderation and virality of accounts.

    "These steps will allow the Commission services to take all relevant facts into account in the complex assessment under the DSA of systemic risks and their mitigation," the Commission said.

    (Reporting by Marine Strauss and Philip Blenkinsop in Brussels, Supantha Mukherjee in Stockholm. Editing by Charlotte Van Campenhout and Mark Potter)

    Related Posts
    Polestar secures $600 million loan from majority owner Geely Holding
    Polestar secures $600 million loan from majority owner Geely Holding
    Man, couple who died trying to stop Bondi Beach attackers praised for heroic efforts
    Man, couple who died trying to stop Bondi Beach attackers praised for heroic efforts
    Analysis-Consumer goods firms cut CEO tenures short in push for growth
    Analysis-Consumer goods firms cut CEO tenures short in push for growth
    BAE Systems halves stake in Kazakh carrier Air Astana
    BAE Systems halves stake in Kazakh carrier Air Astana
    Tesla ramps up battery cell investments at German gigafactory
    Tesla ramps up battery cell investments at German gigafactory
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    Stellantis says EU proposals fall short on auto industry's energy transition needs
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    OpenAI taps former UK finance minister Osborne to lead global Stargate expansion
    US threatens countermeasures on European service providers after EU fines
    US threatens countermeasures on European service providers after EU fines
    EU drops 2035 combustion engine ban as global EV shift faces reset
    EU drops 2035 combustion engine ban as global EV shift faces reset
    Volkswagen welcomes EU move to drop combustion engine ban
    Volkswagen welcomes EU move to drop combustion engine ban
    Incoming Kraft Heinz CEO says he reserves right to improve split
    Incoming Kraft Heinz CEO says he reserves right to improve split
    FCAS fighter jet "very unlikely" after ministers' talks, source says
    FCAS fighter jet "very unlikely" after ministers' talks, source says

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Finance PostEU says it is considering its options after BoE delays Basel bank rules
    Next Finance PostUK finance regulator warns government over 'harm' from reduced regulation

    More from Finance

    Explore more articles in the Finance category

    Campari's parent company settles tax dispute with 405 million euro payment

    Campari's parent company settles tax dispute with 405 million euro payment

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Universal offers to sell Downtown's Curve to win EU approval, source says

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    Auto sector divided as EU unveils plans to undo 2035 combustion engine ban

    Italy's offshore wind push languishes, putting climate goals at risk

    Italy's offshore wind push languishes, putting climate goals at risk

    New Rome metro stations showcase ancient treasures after years of delays

    New Rome metro stations showcase ancient treasures after years of delays

    Exclusive-California Pizza Kitchen reaches buyout deal, names new leadership

    Exclusive-California Pizza Kitchen reaches buyout deal, names new leadership

    Greeks protest against low wages ahead of 2026 budget vote

    Greeks protest against low wages ahead of 2026 budget vote

    AI boom seen lifting chipmaking equipment sales 9% to $126 billion in 2026

    AI boom seen lifting chipmaking equipment sales 9% to $126 billion in 2026

    New Czech government signals tough stance on migration, EU emissions rules

    New Czech government signals tough stance on migration, EU emissions rules

    Exclusive-Swiss firm Barry Callebaut eyes separating cocoa division amid price volatility, sources say

    Exclusive-Swiss firm Barry Callebaut eyes separating cocoa division amid price volatility, sources say

    Zaporizhzhia nuclear plant running on single power line, Russia says

    Zaporizhzhia nuclear plant running on single power line, Russia says

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    EU talks to fund Ukraine with Russian assets make progress, key decisions seen Thursday

    View All Finance Posts