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EU Industry Chief Breton, Musk Signal Agreement on Digital Services Act

Charlie Brooks

May 10, 2022 10:12

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EU industry chief Thierry Breton met Tesla (NASDAQ:TSLA) Inc CEO Elon Musk in Texas on Monday, and the two signaled agreement on EU digital media legislation prior to Musk's acquisition of Twitter Inc (NYSE:TWTR).


The meeting takes place weeks after the world's richest man reached an agreement to purchase the social media business for $44 billion in cash.


In a video of the two men released on Twitter by Breton, the EU official says he explained the Digital Services Act to Musk. In a tweet using the hashtag #DSA, Breton tells Musk, "It fits fairly well with what you think we should accomplish."


Musk responds, "I believe it aligns perfectly with my philosophy.


The two did not elaborate on the new rule, which imposes severe fines on corporations that fail to monitor illicit information. The laws prohibit, for instance, advertising directed at children or based on religion, gender, race, or political views.


Musk got the contract to purchase Twitter last month by promising to revitalize the firm and increase the number of users by clamping down on spam bots and reducing the amount of moderation to promote more "free speech."


The billionaire's remarks spurred Breton to respond that Twitter must comply with new EU regulations known as the Digital Services Act, which target illicit online activity.


Breton and Musk were anticipated to discuss global supply chain challenges during the EU official's visit to Tesla Inc.'s new Austin plant.

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