The European Union opened formal infringement proceedings against X under the Digital Services Act for suspected breaches, including failing to counter illegal content and disinformation. The platform's coverage of the Hamas attacks on Israel had previously drawn a warning from the EU. Critics argue that X has become less useful as a news source due to the rise in hateful content.
Key takeaways:
- Elon Musk had a notable 2023, including challenging Mark Zuckerberg to a cage fight, rebranding Twitter as X, hiring a new CEO for X, and launching a biography that was later corrected.
- Musk's rebranding of Twitter to X has not yet led to the major strategic transformation he envisions, with the platform still heavily dependent on advertising for income.
- Tesla, Musk's electric vehicle company, began US deliveries of its heavily hyped cybertruck in November 2023.
- X faced formal infringement proceedings from the European Union under the Digital Services Act, suspected of breaching obligations to counter illegal content and disinformation.