Türkiye's competition authority fines Elon Musk over Twitter takeover without permission

Musk fined 0.1% of Twitter's gross income in Türkiye in 2022 as no permission taken from Turkish Competition Board in takeover.

cumhuriyet.com.tr

Yayınlanma: 06.03.2023 - 18:01

Güncelleme: 06.03.2023 - 18:01

The Turkish Competition Board on Monday fined Twitter CEO Elon Musk for not taking permission from the authority during Musk's takeover of the social media platform.

Musk is fined 0.1% of Twitter's gross income in Türkiye in 2022.

The board added that Musk’s takeover did not effectively violate competition, but the probe still ended with a fine due to the lack of board permission.