First DSA penalty: EU fines X €120M for content violations

• X fined 120 million euros by the EU for violating online content rules under the Digital Services Act (DSA).
• This marks the first enforcement action under the DSA, signaling the EU's aggressive stance on policing harmful and illegal content.
• The EU found X failed to prevent the spread of illegal and harmful content, particularly after Elon Musk's takeover led to reduced content moderation.
• The penalty comes amid escalating tensions between Europe and the US regarding Big Tech oversight.
• EU regulators also charged ByteDance's TikTok for failing to provide a required advertising transparency repository.

Why It Matters: EU's first DSA fine on X sets a precedent for global online content regulation.