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BNB $604.14 -0.07%
XRP $1.00 -0.03%
SOL $75.48 +0.18%
TRX $0.3326 +0.54%
DOGE $0.0701 +0.44%
ADA $0.1756 -1.28%
BCH $205.26 +0.88%
LINK $9.38 -0.01%
HYPE $59.33 +3.47%
AAVE $85.99 +0.04%
SUI $0.6767 +0.01%
XLM $0.1578 +0.65%
ZEC $511.21 +4.88%

The EU is closely monitoring the structural changes of Company X

2025-06-20 12:05:58

ChainCatcher news, according to Reuters, the European Commission is seeking more information from the X platform regarding the company structure changes following Elon Musk's xAI acquisition of the social platform X (formerly Twitter) for $33 billion. An EU spokesperson confirmed that they are closely monitoring the changes in X's company structure, while EU regulators are assessing whether to impose a fine of up to 6% of global turnover on X for violating the Digital Services Act (DSA). As of now, neither X nor xAI has responded to this investigation.

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