X unlikely to fall under landmark EU tech rules, source says

Elon Musk's X social media platform is unlikely to be subjected to landmark EU tech rules which aim to rein in power of Big Tech because it does t meet rules' gatekeeper criteria, a person with direct kwledge of matter said on Friday.

European Commission in May opened an investigation into X after company rebutted earlier indications that it may have to comply with Digital Markets Act (DMA), which imposes a list of dos and don'ts on Big Tech.

X has said it does t qualify as an important gateway between businesses and consumers.

Under DMA, companies with more than 45 million monthly active users and 75 billion euros ($83 billion) in market capitalisation are classified as gatekeepers. y must make ir messaging apps interoperable with rivals and let users decide which apps to pre-install on ir devices. y are also t allowed to favour ir own services over rivals' or prevent users from removing pre-installed software or apps.

commission, which h said it would wrap up its investigation within five months, declined to comment.

X's bigger challenges are with EU's newly opted Digital Services Act (DSA), which requires big online platforms to do more to tackle illegal and harmful online content or risk fines of as much as 6% of ir global annual turver.

X is target of several ongoing DSA investigations.

Bloomberg was first to report on X likely to avoid  EU tech rules.