The Commission states that the payment system for the blue checkmark, which suggests to users that profiles are verified, is misleading and contributes to the spread of fake news. As a result, X could face fines of up to 6% of their global revenue.
The investigation into X began in December 2023, focusing on how the platform deals with disinformation and fake accounts. Users can pay to receive a blue checkmark, which previously guaranteed verified accounts. This causes confusion because people still believe these profiles are trustworthy.
X risks heavy fines, but is first given the opportunity to address the EU's concerns with appropriate measures. Elon Musk, the owner of X, has responded fiercely, claiming that the European Commission is implementing a form of censorship through contracts and rules. According to Musk, other platforms have accepted this deal, but X has not.

