Turkey fines Elon Musk over Twitter purchase
The decision follows the implementation of a controversial social media law in Turkey that prompted Twitter to open an office in the country.
A Turkish government body said on Monday it fined Twitter CEO Elon Musk regarding his takeover of the social media site.
Turkey’s Competition Board fined the billionaire 0.1% of Twitter’s gross income in 2022. Musk was fined for not obtaining permission from the board when he bought Twitter last year, according to a statement.
What it means: The board did not say on what precise legal authority it fined Musk. A controversial Turkish social media law came into effect in 2020 requiring social media companies to comply with content removal requests, store user data and appoint representatives in Turkey, among other measures. Critics said the law amounted to censorship, Al-Monitor reported at the time.
Twitter opened an office and appointed a representative in Turkey in 2021 in response to the law.
