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Comment: X’s EU gatekeeper status sends warning to big conglomerates considering tech buyouts

By Tono Gil ( June 20, 2024, 11:01 GMT | Comment) -- Social network X — formerly Twitter — risks having to comply with onerous new EU tech rules after its acquisition by Elon Musk triggered the legislation’s financial thresholds. That will serve as a warning to any conglomerate or major investor considering buying any popular tech platform that has yet to receive a “gatekeeper” designation from the EU. The regulator’s final verdict on the matter will shed light on how the designation process works, and how the next generation of gatekeepers could be caught.Social network X — formerly Twitter — was initially just a bystander as rivals such as Facebook and TikTok had to prepare for tough EU gatekeeper rules. Little did it know it could end up facing the same fate once it got roped into Elon Musk’s corporate empire....

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