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X

according to bloomberg, elon musk's social media platform x will not be hit by eu antitrust regulations because regulators believe that the platform has too little impact on the eu market.

the european commission, the eu's executive arm, is about to conclude its investigation into x and is expected to conclude that x does not fall within the scope of the digital markets act (dma), people familiar with the matter said. x can avoid a series of dma regulations because it does not have enough influence on corporate users and does not meet certain revenue thresholds. the european commission may announce its findings in october this year, people familiar with the matter said.

however, the european commission warned x in july that it had violated another powerful eu law, the digital services act (dsa), by misleading users to interact with potentially harmful content. if x fails to satisfy eu regulators, it could end up facing a fine of up to 6% of its revenue. "x is still designated as a very large online platform (vlop)," x said in an email.

as of press time, the european commission declined to comment. (author: xiao yu)

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