X, a social media platform owned by Musk, is expected to be immune to the impact of a landmark EU law aimed at curbing tech giants, as regulators have deemed the platform's influence on the EU market to be insufficient. According to informed sources, the European Commission's investigation of the platform is nearing its conclusion, and it is prepared to conclude that it does not fall within the jurisdiction of the EU's Digital Markets Act (DMA). X will bypass many of the provisions of the DMA because its services are not yet powerful enough for commercial users and have not reached a specific revenue threshold. They add that the European Commission may announce the results of the investigation in October. The DMA sets out a series of requirements for companies such as Google Search, Apple's Safari, Amazon, and Meta. The aim is to prevent tech giants from violating competition law, with fines of up to 10% of a company's global revenue for non-compliance, and fines of up to 20% for repeated violations.
马斯克旗下X据悉将免受欧盟数字市场法案的冲击 因规模还不够大
X, a subsidiary of Musk, is reportedly able to avoid the impact of the EU Digital Markets Act because its scale is not large enough.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.