Social media and technology company
Appears in 5 stories
Under DSA enforcement, facing fines and ongoing investigations
The European Union is cracking down on U.S.-based Big Tech using the Digital Services Act, the Digital Markets Act, and long-standing competition and privacy rules. Since 2023, Brussels designated six platforms as 'gatekeepers,' imposed obligations on core services, and opened proceedings against X, Google, Apple and Meta for monopolistic conduct, opaque algorithms, deceptive design, and failures to police harmful content.
Updated 6 days ago
Subject of EU DSA non‑compliance decision and ongoing investigations
On December 5, 2025, the European Commission issued its first non‑compliance decision under the Digital Services Act, fining X €120 million for misleading users with paid blue checkmarks, failing to provide a transparent advertising repository, and obstructing researcher access to public data. Regulators concluded the subscription-based 'verified' badge is deceptive because anyone can buy it without meaningful identity checks, and the platform's ad library and data-access rules prevent independent scrutiny of scams, influence operations, and systemic online risks.
Updated 7 days ago
XChat delayed to April 23; X Money entering public access amid regulatory scrutiny
Elon Musk spent $44 billion to buy Twitter in October 2022, telling investors it was 'an accelerant to creating X, the everything app.' Three and a half years later, that app is still taking shape—haltingly. XChat, a standalone end-to-end encrypted messaging app for iPhone and iPad, was announced for April 17, 2026, then quietly delayed to April 23 with no public explanation. The slip was spotted by users who noticed the App Store listing had changed overnight, and it arrived alongside a flood of security criticism that called into question whether X's encryption holds up to scrutiny.
Updated Apr 18
Experienced three-hour outage during February 2026 incident
On February 16, 2026, a single misconfigured routing update at Cloudflare's Ashburn, Virginia data center cascaded across the internet, taking down X for three hours, degrading Amazon Web Services' largest region, and disrupting thousands of websites globally. The error took 40 minutes to identify but four hours to fully resolve because corrupted routing tables had already spread to upstream providers worldwide.
Updated Feb 16
Expanding into financial services
Elon Musk founded X.com in 1999 with a vision of building an all-in-one financial services platform. That company became PayPal, and he was ousted as chief executive. Twenty-seven years later, he's trying again. X, the social network formerly known as Twitter, announced on February 14, 2026 that users will soon be able to trade stocks and cryptocurrency directly from their timelines through a feature called Smart Cashtags.
Updated Feb 14
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