Elon Musk's social media site X, formerly Twitter, is under fire in the EU following a two-year investigation into the platform's practices. On Friday, the European Commission slapped the company with a 120 million euro ($140 million) fine for several breaches of EU regulations, including what it calls the "deceptive design" of X's blue checkmark.

"On X, anyone can pay to obtain the 'verified' status without the company meaningfully verifying who is behind the account, making it difficult for users to judge the authenticity of accounts and content they engage with," said the Commission in a press release . "This deception exposes users to scams, including impersonation frauds, as well as other forms of manipulation by malicious actors."

Regulators found X to be in violation of the EU's

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