Elon Musk's social media platform, X, is expected to receive a formal warning from the European Union for its insufficient efforts to mitigate dangerous content.

This action represents the third significant move by EU regulators against major technology companies in recent weeks.

According to sources familiar with the matter who requested anonymity, the warning could potentially lead to fines amounting to 6% of X's annual revenue.

Internal Market Commissioner Thierry Breton is likely to announce this decision before the EU's summer recess.

This development underscores the increasing scrutiny on social media platforms regarding content moderation, as regulators aim to ensure safer online environments.