Elon Musk’s social media platform, X, is unlikely to face the EU’s tech regulations designed to limit Big Tech’s power, as it does not meet the criteria for classification as a ‘gatekeeper,’ according to a source with direct knowledge of the matter.
In May, the European Commission launched an investigation into X after the company disputed earlier suggestions that it might have to comply with the Digital Markets Act (DMA), which sets specific dos and don’ts for Big Tech companies.
X has maintained that it doesn’t qualify as a significant gateway between businesses and consumers.
The DMA designates companies with over 45 million monthly active users and a market capitalization of 75 billion euros ($83 billion) as gatekeepers.
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These companies must make their messaging services interoperable with competitors, allow users to choose which apps to pre-install, and refrain from giving preferential treatment to their services or blocking users from removing pre-installed apps.
The European Commission, which had committed to concluding its investigation within five months, declined to comment on the matter.
X’s more pressing concerns lie with the recently enacted Digital Services Act (DSA), which mandates that large online platforms take stronger action against illegal and harmful content or face fines of up to 6% of their global annual revenue. X is currently facing multiple ongoing investigations under the DSA.
Source: Voice of Nigeria