fine

Elon Musk‘s social media platform X has been hit with the equivalent of $140 million fine by the European Union (EU) on Friday. What Happened: The European Commission accusing X of violating transparency rules under the EU’s Digital Services Act. The Commission took issue with X...

The Boring Company, owned by Elon Musk, has been penalized with a fine of almost $500,000. The fine was imposed by a county environmental regulator for causing significant damage to the county’s infrastructure by dumping drilling fluids into Las Vegas manholes. The Clark County Water...

The over four-year-long legal battle between blockchain company Ripple Labs and the Securities and Exchange Commission could conclude soon, a Fox Business journalist reported Wednesday. What Happened: Eleanor Trett posted on X that the high-profile case was in the process of “wrapping up...

Rupert Grint, famed for his portrayal of Ron Weasley in the “Harry Potter” film series, has been slapped with a $2.3 million tax bill following a legal dispute with British tax authorities. What Happened: The UK tax agency, H.M. Revenue and Customs, scrutinized Grint’s tax...

The U.S. Department of Transportation’s Federal Aviation Administration (FAA) has proposed a $175,000 civil penalty against Elon Musk-owned Space Exploration Technologies Corp (SpaceX).  According to an FAA statement, the civil penalty comes from a mission...

According to a lawsuit filed by the Securities and Exchange Commission (SEC), AT&T Inc. (NYSE: T) has agreed to pay a $6.25 million penalty for selectively leaking financial information to Wall Street analysts.  Three AT&T executives, Christopher Womack, Kent Evans, and Michael Black,...

The U.S. Securities and Exchange Commission (SEC) announced a $1 million fine against Tether’s (CRYPTO: USDT) former auditing firm Friedman LLP over violations of the federal securities laws. Per the SEC, the auditing firm was involved in several instances of “improper...

Twitter Inc (NYSE: TWTR) may face a federal investigation which could cost the company billions in fines. Reason: the company is not equipped to properly police harmful sexual content on the platform. Twitter may have broken the consent decree with the Federal Trade Commission when the company...