The reason behind this potential decision is the recent regulations imposed by the European Union concerning major digital platforms. The EU has long been attempting to regulate the market of digital platforms like Google, Facebook, and Twitter. The introduction of the Digital Services Act in November last year marked a significant step in this direction.
Insider sources suggest that Elon Musk proposed the idea of blocking X in the European Union or restricting its use for the residents of the region. The service allegedly violated DSA regulations by hosting a significant number of fake news related to the Israeli-Palestinian conflict. Last week, EU Commissioner Thierry Breton informed that the European Commission is currently assessing X’s compliance with the new law. The Commission has reportedly requested clarifications from Musk’s company. If any violations are detected, the EU may impose a fine of up to 6% of the company’s global revenues.
Neither Musk nor a spokesperson for X responded to Insider’s inquiries regarding this matter. It is important to note that Musk is reportedly preparing to launch a completely paid platform X. Currently, Twitter/X boasts 550 million monthly users who post between 100 to 200 million tweets daily. However, it remains unclear how many of these accounts are bots and how many are real users.