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ETH $2,495.54 +0.71%
BNB $750.28 -2.81%
XRP $1.41 +0.07%
SOL $105.67 +2.30%
TRX $0.3351 +0.34%
DOGE $0.0898 -0.83%
ADA $0.2206 +0.43%
BCH $257.08 +0.21%
LINK $12.41 +3.59%
HYPE $87.55 +2.60%
AAVE $133.04 -1.05%
SUI $0.8031 +0.08%
XLM $0.1843 +0.16%
ZEC $1,213.31 +20.28%

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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