![The Most Common Leadership Styles & How I Found Mine [Expert Insights]](https://www.hubspot.com/hubfs/leadership-styles-4.jpg)
![PowerPoint Tips to Present Like a Pro [Expert Advice & Free Templates]](https://www.hubspot.com/hubfs/powerpoint-design-tricks_7.webp)
.png)
Elon Musk’s X Dodges EU Regulatory Crackdown: Report
The post Elon Musk’s X Dodges EU Regulatory Crackdown: Report appeared on BitcoinEthereumNews.com. Elon Musk’s social media platform X is likely to escape a regulatory crackdown by the European Union (EU) regulators. A recent report suggests that the platform might dodge facing stringent rules under the EU’s Digital Markets Act (DMA). Notably, this decision comes amid earlier concerns over potential legal challenges that could have affected X’s operations in the region. Elon Musk’s X Set To Avoid EU Crackdown A recent Bloomberg report indicates that the EU regulators have decided that Elon Musk’s X does not meet the necessary criteria to fall under the Digital Markets Act. The report, citing people with knowledge of the matter, suggests that the EU is nearing the end of its probe considering the negligible market impact of the social media platform on the region. Having said that, the European Commission decided to exempt the social media platform from its stringent rules. The DMA targets firms with robust market influence and is designed to curb the power of the big techs by setting specific revenue and user thresholds. For instance, the firms must have annual sales of at least €7.5 billion or a market cap over €75 billion. Besides, the monthly active users should exceed 45 million and have 10,000 business users in the EU. Meanwhile, Musk’s social media platform reportedly falls short of these benchmarks, sparing it from the regulatory restrictions aimed at tech giants like Google, Apple, Amazon, and Meta. However, despite the platform escapes the DMA’s immediate crackdown, it remains under scrutiny from EU regulators for alleged failures to control harmful content on its platform. Since Musk’s acquisition in 2022, the platform has faced criticism for promoting misleading information. The EU’s Digital Services Act (DSA) continues to pressure X to comply with content moderation rules, with potential fines of up to 6% of revenue for…
The post Elon Musk’s X Dodges EU Regulatory Crackdown: Report appeared on BitcoinEthereumNews.com.
Elon Musk’s social media platform X is likely to escape a regulatory crackdown by the European Union (EU) regulators. A recent report suggests that the platform might dodge facing stringent rules under the EU’s Digital Markets Act (DMA). Notably, this decision comes amid earlier concerns over potential legal challenges that could have affected X’s operations in the region. Elon Musk’s X Set To Avoid EU Crackdown A recent Bloomberg report indicates that the EU regulators have decided that Elon Musk’s X does not meet the necessary criteria to fall under the Digital Markets Act. The report, citing people with knowledge of the matter, suggests that the EU is nearing the end of its probe considering the negligible market impact of the social media platform on the region. Having said that, the European Commission decided to exempt the social media platform from its stringent rules. The DMA targets firms with robust market influence and is designed to curb the power of the big techs by setting specific revenue and user thresholds. For instance, the firms must have annual sales of at least €7.5 billion or a market cap over €75 billion. Besides, the monthly active users should exceed 45 million and have 10,000 business users in the EU. Meanwhile, Musk’s social media platform reportedly falls short of these benchmarks, sparing it from the regulatory restrictions aimed at tech giants like Google, Apple, Amazon, and Meta. However, despite the platform escapes the DMA’s immediate crackdown, it remains under scrutiny from EU regulators for alleged failures to control harmful content on its platform. Since Musk’s acquisition in 2022, the platform has faced criticism for promoting misleading information. The EU’s Digital Services Act (DSA) continues to pressure X to comply with content moderation rules, with potential fines of up to 6% of revenue for…
What's Your Reaction?
