According to Golden Finance, Elon Musk's social media platform X is likely to escape the impact of a landmark European Union law designed to curb tech giants. This comes after regulators determined that the platform doesn't have a significant enough impact on the EU market.

Sources reveal that the European Commission's investigation into the platform is nearing completion and they are prepared to conclude that X falls outside the scope of the EU's Digital Markets Act (DMA). X will avoid various DMA regulations as its services are not deemed powerful enough for business users and haven't met specific revenue thresholds.

They added that the European Commission might publish the investigation results in October. The DMA outlines a series of requirements for companies like Google Search, Apple's Safari, Amazon, and Meta. The move aims to prevent tech giants from violating competition law, with penalties for violations reaching up to 10% of a company's global revenue and up to 20% for repeated violations.