Elon Musk's X Faces Scrutiny By European Watchdogs After $33 Billion Acquisition By XAI — Platform Could Face Fine, Ban

European regulators are examining structural changes at Elon Musk's social media platform X following its acquisition by xAI. On Thursday, the EU announced that it was closely monitoring changes in the corporate structure of X, formerly Twitter, following a $33 billion acquisition by Grok-parent xAI, reported Reuters.