The former Twitter, which Elon Musk bought and made major changes to, and now known as the X platform, will remain outside the European Union’s Digital Markets Act (DMA), which aims to keep tech giants under control. EU regulators have ruled that X does not yet have a major influence in the European market and therefore will not be covered by the law. While this development is a relief for Musk and his team, it is not surprising for the platform’s future.

Elon Musk’s X platform exempt from EU Laws: Not big enough yet!

DMA is a law specifically developed to control the anti-competitive practices of giants such as Google, Apple, Amazon, Meta. The law aims to control the power of these giant companies that can disrupt competition and protect user data.

If these companies violate the law, they could face fines of up to 10% of their global revenue, or up to 20% for repeat offenders. However, for now, these strict rules will not apply to Platform X.

So why? Because X is not a strong enough platform for commercial users. It has also failed to meet the specified revenue and user limits. According to EU regulations, in order for a company to be subject to this law, its annual sales must be at least 75 billion Euros or its market value must exceed 750 billion Euros.

In addition, the platform must exceed the limits of 45 million active users and 10,000 commercial users in the EU. Platform X currently falls short of these criteria. Of course, this decision could be an advantage for X. Musk will have the opportunity to manage X more freely, but the growth of this platform and its increasing influence in Europe also means that it could fall under these laws in the future.

What do you think? You can write your opinions in the comments section below.