X’s depressing ad revenue helps Musk avoid EU’s strictest antitrust law

Quick Summary:

X invoked tanking ad revenue to remove threat of DMA gatekeeper designation.

Since March, X had strongly opposed the gatekeeper designation by arguing that although X connects advertisers to more than 45 million monthly users, it does not have a "significant impact" on the EU's internal market, a case filing showed.

Following an investigation, Elon Musk's X has won its fight to avoid gatekeeper status under the European Union's strict competition law, the Digital Markets Act (DMA).

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Article Details

Author / Journalist: Ashley Belanger

Category: Technology

Markets: United States

Topics: European union Twitter X Policy Social media app Elon Musk Digital Markets Act Antitrust law Dma X corp

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 21:13:50 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: arstechnica.com

Language: English

Article Length: 110 words

Reading Time: 1 minutes read

Sentences: 37 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Ars Technica

News ID: 23094639

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