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0.00122689858673719 0.00219878863177528 0.00170833980431748 0.00248485789718904 -0.00144432365274103 -0.00531138375524143 -0.00531138375524143 -0.00531138375524143
Stock impact report

In its first DSA penalty, EU fines X €120M for ‘deceptive' blue check verification system [TechCrunch]

Alphabet Inc. - Class C Capital Stock (GOOG) 
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Company Research Source: TechCrunch
The EC is taking issue with the fact that X, the social network formerly known as Twitter, has been allowing anyone to buy a “blue checkmark,” the platform's long-standing symbol, which used to indicate that a user has been verified to be who they are claiming to be. Calling the design of the blue checkmark system “deceptive,” the European Union's executive arm on Friday imposed a fine of €120 million (about $140 million) on X, saying the company had breached its transparency obligations under the DSA. The Commission said other breaches of the law include a lack of transparency of X's advertising repository and failure to provide researchers access to public data. Before Musk bought the company, Twitter used to issue blue checks to journalists, celebrities, politicians, and public figures on the platform after it had verified their identity. Musk did away with that policy in 2023, and all the “verified” blue check today indicates is that a user subscribes to X Premium, and that Show less Read more
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