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

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.