Tech billionaire fires back at regulators after social platform hit with massive penalty. The clash erupted when European authorities slapped X with a hefty $140 million fine, prompting its owner to demand the entire bloc be dismantled. This marks yet another flashpoint in the ongoing battle between Silicon Valley giants and Old World regulators. The penalty stems from alleged violations of regional digital policies, though specifics remain under wraps. Industry watchers see this as part of a broader pattern—tech platforms pushing boundaries while governments scramble to enforce rules written for a different era. With crypto and decentralized tech increasingly tangled in similar regulatory crosshairs, this showdown could signal what's coming for Web3 projects operating across borders.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
19 Likes
Reward
19
7
Repost
Share
Comment
0/400
gas_fee_trauma
· 23h ago
Trying to hit Silicon Valley with just 140 dollars? The EU's approach is a bit gentle.
View OriginalReply0
TerraNeverForget
· 12-10 02:47
Damn, it's the EU thing again. They think $14 billion can settle it? Distributed is the future, man.
View OriginalReply0
0xSoulless
· 12-09 05:53
Europe wants to harvest Silicon Valley's profits again, and this time they're serious.
View OriginalReply0
LiquidityLarry
· 12-08 11:59
The EU is trying its old tricks again. Do they really think fines can scare Silicon Valley? In Web3, we’ve long been used to this game.
View OriginalReply0
MetaMisery
· 12-08 11:51
1. $1.4 billion fine, this guy really dares to be arrogant...
2. The EU just loves this kind of thing, life is getting even tougher for Web3.
3. Honestly, with rules written so rigidly, how can they keep up with technological updates? Everyone is forced into opposition.
4. That's why decentralization is so popular—no one can control anyone else.
5. The feud between Silicon Valley bigwigs and the EU always ends up hurting us users in the end.
6. Dissolve the entire EU? Ha, that's quite a statement, but in the end, they'll still have to pay up.
7. If Web3 gets targeted like this, it's game over; the regulatory sword has never been put away...
View OriginalReply0
TideReceder
· 12-08 11:50
A fine of 1.4 billion and you dare talk about breaking up with the EU? This guy is really wild.
2 Web3 is about to get dragged into this too; regulation is just never-ending, huh?
3 The old EU is still using outdated rules to arm wrestle with Silicon Valley—what a narrow mindset.
4 This time we’ll really see who calls the shots—money or power?
5 The regulators haven’t even figured out how to regulate yet, and they’re already handing out fines. Hilarious.
6 Thought you could bypass the EU? Way too naive, folks.
7 This isn’t a good sign for on-chain projects.
8 Silicon Valley big shots only get this tough when they’re actually scared—just posturing.
View OriginalReply0
MetaverseHomeless
· 12-08 11:34
The EU is really something else, they literally drove Musk crazy haha
Tech billionaire fires back at regulators after social platform hit with massive penalty. The clash erupted when European authorities slapped X with a hefty $140 million fine, prompting its owner to demand the entire bloc be dismantled. This marks yet another flashpoint in the ongoing battle between Silicon Valley giants and Old World regulators. The penalty stems from alleged violations of regional digital policies, though specifics remain under wraps. Industry watchers see this as part of a broader pattern—tech platforms pushing boundaries while governments scramble to enforce rules written for a different era. With crypto and decentralized tech increasingly tangled in similar regulatory crosshairs, this showdown could signal what's coming for Web3 projects operating across borders.