EU Imposes Fine on X for Breaching Transparency Regulations of Digital Services Act in Disputed Decision
EU Fine on X: The European Commission has fined X, the social media platform owned by Elon Musk, €120 million for violating the Digital Services Act, marking the first non-compliance ruling under this legislation since its implementation in 2022.
Deceptive Design of Blue Checkmark System: The ruling highlighted X's blue checkmark system as misleading, as it now allows any user to obtain the checkmark for a fee, potentially confusing users about the verification status of accounts.
Advertising Transparency and Research Access Issues: X was found to have an incomplete advertising repository and restricted access to public data for researchers, failing to meet obligations for transparency regarding advertisements and user data.
Compliance Timeline and Broader Implications: X has 60 days to address the blue checkmark issues and 90 days for advertising transparency compliance, with potential penalties for non-compliance; this ruling signals the EU's commitment to strict regulation of major tech platforms.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000598 | 0.00000893 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000893 | 0.000011 | 0.0000124 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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