European regulators just slapped a major social platform with a €120 million penalty. The violations? Three major ones caught their attention. First up: that blue verification badge turned out to be pretty misleading in how it was designed. Then there's the ad transparency issue—their repository wasn't giving users the clear picture they deserved. And here's the kicker for the research community: they completely failed to open up public data access for academic researchers. Seems like regulators are tightening the screws on platform accountability across the board. Wonder how this'll reshape data policies going forward.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
ShortingEnthusiastvip
· 1h ago
A 120-euro fine per ticket—have these platforms really learned their lesson, or are they just pretending?
View OriginalReply0
MonkeySeeMonkeyDovip
· 12-06 10:59
120 million fine? Looks like this platform treats "honesty" as an optional feature, huh.
View OriginalReply0
GhostWalletSleuthvip
· 12-05 16:03
A €1.2 million fine? For these platforms, that's just a drop in the bucket. What really needs to be axed is their hypocritical verification system.
View OriginalReply0
TommyTeachervip
· 12-05 16:01
A €120 million fine—this platform really doesn't care about its users. The Blue V thing is just ridiculous. How can they design it like this to scam people? Another data issue. These platforms really do have a bad attitude toward researchers. At the end of the day, it's all driven by profit. As long as they don't cross the line too much, they're willing to push forward. Europe did well with this round of fines. Hopefully, it will serve as a warning to other platforms. For major platforms, this fine might just be a drop in the bucket. The key is whether the system can actually change. Transparency really is a pain point for the entire industry. Paying fines is easy, but changing the system is hard.
View OriginalReply0
GasFeeVictimvip
· 12-05 15:57
The Europeans have finally taken action, slapping a €120 million fine... fake blue checks, lack of advertising transparency, even restricting academic data—this platform is unbelievable.
View OriginalReply0
DAOdreamervip
· 12-05 15:57
A $120 million fine isn't even enough to fill the gaps between their teeth. This is what they really should be doing.
View OriginalReply0
AllInDaddyvip
· 12-05 15:54
The Blue V issue has finally been caught; it had seemed off for a long time.
View OriginalReply0
MEVHunterZhangvip
· 12-05 15:49
12 billion in fines, right? These platforms really need to be dealt with. Who gave them the courage to treat users like this?
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)