Musk's X is said to be immune from the impact of the European Union Digital Markets Act because it is not large enough

Musk's social media platform X is set to be shielded from a landmark European Union law aimed at reining in tech giants after regulators decided it did not have enough impact on the European Union market. The European Union Commission is nearing the end of its investigation into the platform and is preparing to conclude that it does not fall under the jurisdiction of the European Union's Digital Markets Act (DMA), according to people familiar with the matter. X will sidestep many of the DMA's rules because its service is not yet robust enough for business users and does not meet specific revenue thresholds. They added that the European Union Commission could release its findings in October. The DMA laid out a list of requirements for companies such as Google Search, Apple's Safari, Amazon and Meta. The move is aimed at preventing tech giants from violating competition laws, with fines of up to 10 per cent of global revenues and up to 20 per cent for repeated breaches.