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XRP $0.9990 -0.07%
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TRX $0.3313 -0.08%
DOGE $0.0700 +0.13%
ADA $0.1732 -1.77%
BCH $203.68 -0.30%
LINK $9.44 +1.22%
HYPE $58.95 +3.18%
AAVE $86.75 +0.31%
SUI $0.6739 -0.67%
XLM $0.1572 +0.15%
ZEC $511.99 +3.99%

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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