The earthquake that led to the acquisition of Twitter by the billionaire Elon Musk has been replicated in Brussels. The Commissioner for the Internal Market and Services of the European Commission, Thierry Breton, has warned the businessman that the social network Twitter whose last purchase must fully comply with the new European Union rules for large digital platforms“regardless” of who forms its shareholding.
“Whether it’s cars or social networks, any company that operates in Europe must comply with our rules, regardless of its shareholding”, Breton wrote in a brief message broadcast precisely through the ‘microblogging’ network collected by Europa Press.
“Mr. Musk knows this very well,” continued Breton, who has considered that as the billionaire CEO of Tesla he is already “familiar” with the rules of the European Union for the automobile industry and “will quickly adapt” to the new Digital Services Law (DSA).
Precisely last week, the negotiators of the European Parliament, the Council and the European Commission closed the principle of agreement to launch this new common standard with which to reinforce the standards in the digital area and which is expected to enter into force in 2024with new obligations for the big platforms, such as the withdrawal of illegal content broadcast on the network.
This Monday, the Twitter Board of Directors finally accepted the initial purchase offer for the company presented by Elon Musk for a total of 43,394 million dollars (40,495 million euros). The transaction is subject to Twitter shareholders giving their approval in a vote at the shareholders’ meeting. The council expects the operation to be completed in 2022.
Rachel Maga is a technology journalist currently working at Globe Live Media agency. She has been in the Technology Journalism field for over 5 years now. Her life’s biggest milestone is the inside tour of Tesla Industries, which was gifted to her by the legend Elon Musk himself.