Elon Musk's X Faces Scrutiny By European Watchdogs After $33 Billion Acquisition By XAI — Platform Could Face Fine, Ban In The EU

About Elon Musk's X Faces Scrutiny By European Watchdogs After $33 Billion Acquisition By XAI — Platform Could Face Fine, Ban In The EU

European regulators are closely scrutinizing Elon Musk's social media platform X following its recent $33 billion acquisition by xAI. Authorities are examining structural changes within the company, raising concerns about compliance with EU rules. The platform could face significant penalties, including fines or bans, if found in violation. This oversight highlights ongoing tensions between big tech acquisitions and European regulatory standards, emphasizing the importance of corporate transparency and adherence to local laws.