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.
Source: Anadolu Agency