In a significant development, EU’s industry chief Thierry Breton and Tesla Inc’s CEO Elon Musk met in Texas and signalled the signing of an agreement on EU digital media regulation ahead of Musk’s purchase of Twitter Inc.
“It fits pretty well with what you think we should do,” said Breton in a tweet.
“I think it’s exactly aligned with my thinking,” tweeted Musk.
While the two did not go into the detail on the new law, which levies hefty fines on companies if they do not control illegal content. The rules ban advertising aimed at children or based on religion, gender, race and political opinions, for example.
Last month, Musk secured a deal to acquire Twitter with a pledge to revitalise the company, expand its userbase, crack down on spam bots, and reduce the amount of moderation to facilitate more “free speech”.
Breton and Musk had been expected to discuss global supply chain issues during the EU official’s visit to Tesla Inc’s new Austin plant.