Billionaire Elon Musk "evaporated" 3 million USD in Brazil

On September 13, the Brazilian Supreme Court imposed a fine of 18.35 million Real (approximately $3.3 million) on the X media platform and SpaceX's satellite service provider Starlink.

Billionaire Elon Musk must pay a fine of 3 million USD 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 amount 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 and Starlink platforms in Brazil because they had paid the fines, 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 also 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 override the laws of countries.

Brazil is a key market for X. Since Mr. Musk acquired Twitter in 2022, the platform has faced a loss of advertising customers. According to statistics from market research firm Emarketer, 40 million Brazilians, 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