Sun Sep 15 15:04:05 UTC 2024: ## EU Exempts Elon Musk’s X from Landmark Tech Law, But Platform Faces Other Scrutiny

Elon Musk’s social media platform X, formerly known as Twitter, has been spared from the European Union’s Digital Markets Act (DMA), a landmark law aimed at curbing the power of tech giants. EU regulators concluded that X’s impact on EU markets is too small to qualify for the law’s stringent requirements.

The DMA targets companies with significant market power, imposing a series of regulations and potential fines of up to 10% of global revenue for violations. Platforms like Google Search, Apple’s Safari, Amazon, and Meta’s Facebook fall under the act’s scope.

X, however, failed to meet the DMA’s thresholds for revenue, user base, and business user activity. The EU is expected to officially announce its decision in October.

While X avoids the DMA’s regulations, the platform continues to face intense scrutiny in Brussels and elsewhere. The EU’s Digital Services Act (DSA) has already issued a warning to X for allegedly deceiving users into engaging with harmful content. The DSA could impose fines of up to 6% of X’s revenue if the company fails to address these concerns.

Musk has been vocal in his criticism of the EU’s regulatory efforts, labeling the Australian government as “fascists” over proposed new laws targeting misinformation and clashing with EU officials over the DSA.

Despite avoiding the DMA, X’s continued scrutiny under the DSA highlights the growing global pressure on tech platforms to address harmful content and maintain responsible practices.

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