They changed the blue check from an exclusive club of the rich and popular, to just Ive got a paying account. How is that misleading? Why does the EU have a say about design choices?
The blue check symbolised (symbolises) being verified, i.e. this account belongs to who it says it does. But it doesn't carry out any/sufficient checks to actually verify that.
They have the legal right, similar to the federal government in the USA. You can disagree with their judgement, but they clearly have the right to enforce it.
USanians have been raised to believe that corporations are somehow above the law but that’s not true. Play stupid games, earn stupid fines a.k.a fuck with people and people will fuck back.