Billionaire Elon Musk lost $3 million in Brazil

Báo Quốc TếBáo Quốc Tế14/09/2024


On September 13, the Brazilian Supreme Court imposed a fine of 18.35 million Real (equivalent to about 3.3 million USD) from the X Media Platform and SpaceX's satellite service provider Starlink.
Tỷ phú Elon Musk bị 'bốc hơi' 3 triệu USD ở Brazil
Billionaire Elon Musk must pay a $3 million fine to the Brazilian government. (Source: TND)

AFP news agency quoted a statement from the Brazilian Supreme Court saying that on September 12, Citibank and Itaú banks informed the Court that they had complied with the law and transferred the fine to the state fund at the request of Brazilian federal judge Alexandre De Moraes.

On the same day, Mr. De Morales announced the lifting of the freeze on the accounts and shares of the X platform and Starlink in Brazil because they had paid the fine, and the accounts of these companies in Brazil could operate normally again.

In late August, Judge De Moraes ruled to fine the X platform and Starlink the above amount for failing to control harmful and misleading content, as well as failing to comply with court orders.

Judge Moraes previously ordered the blocking of social network X and the freezing of Starlink accounts in Brazil, while criticizing Mr. Musk for assuming the right to be above the laws of countries.

Brazil is a key market for X. The platform has struggled to attract advertisers since Musk acquired Twitter in 2022. According to market research firm Emarketer, 40 million Brazilians, or nearly 20% of the population, visit X at least once a month.

Before X, Brazilian judges shut down WhatsApp, the most widely used messaging app there, for refusing to comply with police requests for user data.

In 2022, Judge De Moraes also threatened to shut down Telegram, saying the app had repeatedly ignored requests from the Brazilian government to block profiles and provide user information. He ordered Telegram to appoint a local representative, which the platform later complied with to continue operating.



Source: https://baoquocte.vn/ty-phu-elon-musk-bi-boc-hoi-3-trieu-usd-o-brazil-286265.html

Comment (0)

No data
No data

Cùng chủ đề

Cùng chuyên mục

Cùng tác giả

Happy VietNam

Tác phẩm Ngày hè

No videos available