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X’s depressing ad revenue helps Musk avoid EU’s strictest antitrust law (arstechnica.com)

submitted 3 weeks ago by Xatolos@reddthat.com to c/technology@lemmy.world

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[-] Sundial@lemm.ee 77 points 3 weeks ago

On Wednesday, the European Commission (EC) announced that "X does indeed not qualify as a gatekeeper in relation to its online social networking service, given that the investigation revealed that X is not an important gateway for business users to reach end users."

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[-] kokesh@lemmy.world 31 points 3 weeks ago

He did it! Yes! He is a genius! Run the company to the ground, so the EU doesn't care. Brilliant.

[-] manucode@infosec.pub 31 points 3 weeks ago

This is giving me conflicting feelings

[-] BrianTheeBiscuiteer@lemmy.world 21 points 3 weeks ago

I'm not conflicted at all. It's a bullshit loophole.

[-] Voroxpete@sh.itjust.works 24 points 3 weeks ago

In this particular case, I'm really not sure it's a loophole.

Antitrust laws exist to constrain companies so large and powerful that they have become, or are becoming monopolistic forces

What Twitter successfully proved to the EU court is that Musk's management of the company has been so spectacularly incompetent that Twitter/X no longer has enough reach or cultural relevance to be in any danger of being a monopoly.

This is, objectively speaking, a serious L for Twitter. They just proved to a court that they're no longer even close to being the best place to spend your advertising dollars. The major spenders will take note.

[-] SnotFlickerman@lemmy.blahaj.zone 17 points 3 weeks ago

It gives me wonderful feelings, it's X basically admitting that they're dead in the water.

[-] themurphy@lemmy.ml 10 points 3 weeks ago

They never been as popular in Europe as in the US.

Still very big, but nothing like Facebook, Instagram.

[-] thejml@lemm.ee 4 points 3 weeks ago

No more than a 13yo who wants to get on the 12yo and younger playground because it’s the only one around and has a hella sweet slide.

[-] geography082@lemm.ee 0 points 2 weeks ago

I support you Elon! You are the greatest person in the entire universe

this post was submitted on 17 Oct 2024

151 points (94.7% liked)

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