Elon Musk is coming underneath renewed stress from the US and EU over his possession of Twitter, as regulators crack down on the billionaire’s efforts to show the social community right into a haven without spending a dime speech.

The European Fee on Wednesday threatened Musk with a ban until Twitter adopted strict content material moderation guidelines, as US Treasury Secretary Janet Yellen mentioned Washington was reviewing its buy of the social community.

The warning from Brussels got here throughout a video name between Musk and Thierry Breton, the EU commissioner accountable for implementing the bloc’s digital guidelines, in line with folks accustomed to the dialog.

Breton informed Musk that Twitter should abide by a guidelines of guidelines, together with abandoning an “arbitrary” method to reinstating banned customers, “aggressively” pursuing misinformation and accepting a “thorough unbiased audit” of the platform. right here subsequent 12 months.

Musk has been warned that until he follows these guidelines, Twitter dangers breaking the EU’s new Digital Companies Act, a brand new legislation that units the worldwide customary for a way Huge Tech ought to police the content material on the Web. Breton reiterated that Twitter might face a Europe-wide ban or fines of as much as 6% of world income if it breaks the legislation.

The Twitter proprietor has repeatedly mentioned he thinks the DSA makes “excellent sense,” folks briefed on the dialog mentioned, including that he is learn the laws and believes it ought to be utilized in every single place on the planet. world. Musk has beforehand mentioned Twitter will adjust to all relevant legal guidelines.

Among the many EU’s calls for are that Musk present clear standards on which customers danger being banned. Musk has reinstated Donald Trump’s account after operating a person ballot on whether or not the previous US president ought to be allowed again on the location.

In a blog postTwitter mentioned none of its insurance policies had modified and its belief and security staff remained “robust and well-resourced”, however added: “Our method to coverage enforcement will rely extra on de-amplification violating content material: freedom of expression, however not freedom of entry.

The corporate mentioned it nonetheless seeks to “promote and shield public dialog” however has modified its “method to experimentation” by present process extra “public testing”.

Senior EU officers have expressed concern over whether or not Twitter has sufficient employees to adjust to the brand new guidelines after Musk laid off greater than half of its 7,500 workers this month.

In the US, the scrutiny of Twitter by authorities seems to be centered on international possession of the social media platform. In feedback at a New York Instances convention, Yellen talked about the Committee on Overseas Funding in the US when requested on Twitter, saying it evaluations transactions involving “international funding. . . to see in the event that they pose a nationwide safety danger.

The Treasury Secretary added: “We don’t touch upon work in progress. But when there are such dangers, it will be applicable for Cfius to have a look.

Securities filings present Prince Alwaleed bin Talal bin Abdulaziz of Saudi Arabia transferred 35 million shares, or 3.5% of Twitter’s whole public shares, to the brand new personal firm as a part of the takeover of 44 billion by Musk.

Kingdom Holding Firm, an funding fund managed by the prince, has stakes in US corporations together with Citigroup, Uber and Lyft, in line with its web site.

US President Joe Biden mentioned this month that Musk’s “cooperation” with different international locations was “worthy of consideration” by US authorities. Whereas Yellen herself had beforehand dominated out the chance of such an investigation, on Wednesday she mentioned she “misspoke.”

Further reporting by Ian Johnston in London

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