Social Media Platform
Appears in 4 stories
Social media platform with hundreds of millions of users, owned by Elon Musk since 2022. - 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
Operates the X social network, formerly Twitter, and is building X Money payment and trading services. - 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
X is a global social media platform that provides microblogging, live conversation and recommendation feeds, designated by the EU as a Very Large Online Platform under the DSA. - Under DSA enforcement, facing fines and ongoing investigations
The European Union is in the middle of an unprecedented crackdown on Big Tech, using a new arsenal of digital laws — the Digital Services Act (DSA), the Digital Markets Act (DMA) and long‑standing competition and privacy rules — to challenge the power and business models of U.S.-based tech giants. Since 2023, Brussels has designated six major platforms as “gatekeepers,” imposed structural obligations on their core services, and begun opening formal proceedings against firms like X, Google, Apple and Meta over monopolistic conduct, opaque algorithms, deceptive interface design and failures to police harmful content.
Updated Dec 11, 2025
X is a global social media and microblogging platform owned by Elon Musk, designated by the EU as a very large online platform subject to heightened obligations under the Digital Services Act. - Subject of EU DSA non‑compliance decision and ongoing investigations
On December 5, 2025, the European Commission issued its first-ever non‑compliance decision under the Digital Services Act (DSA), fining Elon Musk’s social platform X €120 million for misleading users with its paid blue checkmark system, failing to provide a transparent advertising repository, and obstructing researcher access to public data. Regulators concluded that X’s subscription-based ‘verified’ badge constitutes deceptive design because anyone can buy it without meaningful identity checks, while the platform’s ad library and data-access rules prevent independent scrutiny of scams, influence operations, and systemic online risks.
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