The European Union fined X, the social media company owned by Elon Musk, $140 million on Friday for violating one of the bloc’s major laws targeting the technology industry.

Elon Musk's social media company X was fined 120 million euros ($140 million) by EU tech regulators on Friday for breaching EU online content rules, the first sanction under landmark legislation which...

In a series of posts on X, Musk dismissed the decision as “bulls—” and argued the goal of shifting the checkmarks to a paid subscription was to “democratize verification, rather than have it be contro...