Tech billionaire Elon Musk's X platform will not face the EU's stringent competition rules aimed at keeping digital markets open.
Elon Musk's X gave a rebuttal to the EU, arguing it was not big enough to face the new bloc's curbs. Image: Nicolas TUCAT / AFPTech billionaire Elon Musk’s X platform will not face the EU’s stringent competition rules aimed at keeping digital markets open.Elon Musk's X gave a rebuttal to the EU, arguing it was not big enough to face the new bloc's curbs.
The DMA is part of the EU’s strengthened legal armoury to bring big tech to heel. One of its main goals is to give regulators greater oversight before it is too late. Although Musk has escaped the DMA’s crosshairs, his X platform still faces fierce scrutiny under mammoth content moderation rules, and even the risk of a large fine.
For each offence, the commission can slap a fine of up to six percent of the annual worldwide turnover of the service “provider”.The South African Revenue Service has warned that it will run more upgrades on its digital platforms later this week.
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