X says he will pay fines, and Moraes releases bank accounts – 10/01/2024 – Power
OX (formerly Twitter) informed this Tuesday (1st) minister Alexandre de Moraes, of the STF (Supreme Federal Court), that it will pay in full fines of R$ 28.6 million applied to the platform and its judicial representative in Brazil, without needing to use Starlink resources.
With the platform’s request, the minister ordered the Central Bank and the CVM (Securities Commission) to unblock the company’s bank accounts.
Businessman Elon Musk, owner of X, is also a shareholder in the satellite internet company.
OX stated that it will pay a fine set at R$18.3 million for failing to comply with decisions to remove the profile.
The social network will also pay another R$10 million for the maneuver that made it work again in the country two weeks ago.
In addition, the company will pay a fine of R$300,000 imposed on the platform’s legal representative, Rachel de Oliveira Villa Nova Conceição.
Last Friday (27), Moraes maintained the blockade of X in Brazil and made his return conditional on paying fines for non-compliance with court decisions.
your subscription could be worth even more
Do you already know the advantages of being a Folha subscriber? In addition to having access to reports and columns, you have exclusive newsletters (find out here). You can also download our free app from the Apple Store or Google Play to receive alerts for the day’s top news. Your subscription helps us provide independent, quality journalism. Thanks!
your subscription is worth a lot
More than 180 reports and analyzes published every day. A team with more than 200 columnists and bloggers. Professional journalism that monitors public authorities, conveys useful and inspiring news, counteracts the intolerance of social media and draws a clear line between truth and lies. How much does it cost to help produce this content?
SUBSCRIBE FOR R$ 1.90 IN THE 1ST MONTH
