Musk's X Too Small for EU's Big Tech Crackdown
A recent analysis has determined that X, owned by Elon Musk, does not fall under the strict antitrust regulations of the European Union aimed at "big tech" firms. Under new rules implemented to combat the concentration of power among large corporations in the online space, companies that reach certain thresholds regarding user numbers and revenue are subjected to closer scrutiny and restrictions.
Currently, X, as a social networking platform, has not achieved the scale that would classify it as a target for these new measures. This means that the company can continue to operate as usual, avoiding additional requirements that could complicate its operational framework.
In recent years, Elon Musk has actively sought to expand the features and influence of X. However, the current metrics prevent him from being subjected to the new regulations. This can be seen as a temporary win for Musk and his strategy, especially amid increasing pressure from authorities to create a more equitable and safe online environment.
As a result, X remains outside the scope of stringent antitrust measures, allowing Musk and his team to continue innovating without the fear of having to navigate additional assessments and reports required of companies that fall under these new regulations.
