EU to Crack Down on Elon Musk’s X Under Digital Markets Act

Billionaire Elon Musk’s X Facing Potential New Regulations in the EU

• The EU is considering applying the Digital Markets Act rules to X, along with other major platforms like Booking.com and ByteDance.
• Firms with a significant impact on the EU market will be subject to regulations, preventing them from favoring their own services over competitors.
• The European Commission has 45 working days to decide on bringing X, ByteDance, and Booking.com under the scope of the rules.

Regulations Aimed at Preventing Dominance and Anti-Competitive Behavior

• The Digital Markets Act will prevent tech giants like X from abusing their market dominance by imposing restrictions on behavior such as favoring their own services and using data to compete against third-party merchants.

EU Cracking Down on Tech Giants’ Power in the Market

• The European Union is taking steps to regulate the power of major tech companies, including X, in the market to ensure fair competition and protect consumers.
• ByteDance previously lost a court bid to halt the application of the rules, indicating that the EU is serious about enforcing these regulations on tech giants.