'Musk's X Deemed Too Small For EU Crackdown On Big Tech's Power; X To Avoid Digital Markets Act's List Of Dos And Don'ts; Platform Still Faces A Tough Time From EU Over Disinformation' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Elon Musk's social media platform, X, is considered too small to be included in the EU's Digital Markets Act, which targets big tech companies. However, X still faces scrutiny from the EU regarding disinformation.
September 13, 2024 | 3:23 pm
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NEUTRAL IMPACT
The Vanguard FTSE Europe ETF (VGK) may experience indirect effects from the EU's regulatory actions on big tech, as it includes European companies that could be impacted by the Digital Markets Act.
VGK includes European companies that may be affected by the EU's Digital Markets Act. While the ETF itself is not directly targeted, the performance of its holdings could be influenced by regulatory changes.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Meta, as a major player in the social media space, is likely to be impacted by the EU's Digital Markets Act, which aims to regulate big tech companies. Unlike X, Meta is large enough to be subject to these regulations.
Meta is a significant player in the social media industry and is likely to be impacted by the EU's Digital Markets Act, which targets large tech companies. This could lead to increased regulatory scrutiny and potential operational changes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80