Turkey fines Elon Musk over Twitter purchase

The decision follows the implementation of a controversial social media law in Turkey that prompted Twitter to open an office in the country.
Tesla CEO Elon Musk leaves the Phillip Burton Federal Building on January 24, 2023 in San Francisco, California. Musk testified at a trial regarding a lawsuit that has investors suing Tesla and Musk over his August 2018 tweets saying he was taking Tesla private with funding that he had secured. The tweet was found to be false and cost shareholders billions of dollars when Tesla's stock price began to fluctuate wildly allegedly based on the tweet. (Photo by Justin Sullivan/Getty Images)
Tesla CEO Elon Musk leaves the Phillip Burton Federal Building on January 24, 2023 in San Francisco, California. Musk testified at a trial regarding a lawsuit that has investors suing Tesla and Musk over his August 2018 tweets saying he was taking Tesla private with funding that he had secured. (Photo by Justin Sullivan/Getty Images) - Justin Sullivan/Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

A Turkish government body said on Monday it fined Twitter CEO Elon Musk regarding his takeover of the social media site. 

Turkey’s Competition Board fined the billionaire 0.1% of Twitter’s gross income in 2022. Musk was fined for not obtaining permission from the board when he bought Twitter last year, according to a statement. 

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