Will X formerly Twitter quit European Union? What could be Elon Musk's best move following investigation

economictimes.indiatimes.com:

Elon Musk will have a hard time convincing the European Commission, currently investigation his company X, formerly Twitter, about rules breach around sharing illegal content and misinformation peddling. For starters, Thierry Breton and Margrethe Vestager, who are some of the most determined European Commissioners, are now equipped with a new legal tool, which could easily be used to axe Musk and his company, says Reuters. These factors could lead to Musk deciding on exiting the European Union entirely and focus on the rest of the world for now.

What did the European Commission find?

The European Commission, in its preliminary findings about X, observed that the social media company had breached the rules in place, based on the Digital Services Act (DSA), which is a completely new legislation from the EU's end. The DSA is more focused on combatting misinformation, harmful content and fake news on social media, especially on platforms like Facebook, X, Instagram, Threads and more, so that Europeans stay correctly informed at all times.

Can the European Commission punish Elon Musk?

If the charges against Musk and his company follow through, the possible penalties that they could be facing could extend up to 6% of revenue, which is a whopping amount, and could place any company on the brink of trouble. It is also understandable that the company's shares would also take a nosedive, when things do not fall in place, meaning a loss of more revenue. Therefore, if Musk is not able to come onboard accept the visions of the EU, his best option would be to move out of convincing the Commission once and for all.