The European Union is preparing to impose serious sanctions against social media platform X, owned by Elon Musk, due to violations of laws regarding illegal content and disinformation, reports The New York Times.

Sources indicate that the company could face a fine exceeding $1 billion and be required to modify its product, marking the first application of the Digital Services Act (DSA).

The investigation began in 2023, and regulators have already determined that X violated the law by refusing to provide data for research on disinformation and inadequately monitoring content.

X is also involved in a second investigation that could lead to additional penalties. The EU believes that the platform’s user content policy has turned it into a hub for hate speech and misinformation.

The company X criticized the regulators' actions, calling them "an unprecedented act of political censorship." Musk previously stated that he is prepared to publicly contest the fines in court.

The EU is considering including revenues from Musk’s other companies, such as SpaceX, to calculate the fine, which could significantly increase the amount.

Moreover, the European Union is also preparing to fine Meta and Apple for violations of the Digital Markets Act (DMA). This indicates the EU's intention to continue strict regulation of American tech giants, which may have influenced the new high tariffs the US imposed against the EU.