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SPCX $147.41 -0.84%
MU $911.55 -1.56%
AMD $485.60 -2.98%

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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