Elon Musk's social media platform X is likely to escape the impact of a landmark EU law designed to curb tech giants, after regulators determined that the platform does not have enough influence in the EU market. According to sources, the European Commission's investigation into the platform is nearing completion and it is preparing to conclude that it does not fall under the scope of the EU's Digital Markets Act (DMA). X will avoid many of the DMA's regulations because its services are not strong enough for commercial users and it has not reached specific revenue thresholds. They added that the European Commission could announce the results of the investigation 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 laws, with fines for violations reaching up to 10% of a company's global revenue, and up to 20% for repeated violations. (JinShi)