Get the latest gossip

Elon Musk’s X Targeted by Italian Big Tech Probe That Could Impact Other U.S. Tech Giants (Reports)

Elon Musk’s X is being targeted by an Italian Big Tech probe that could also impact other U.S. tech giants such as Google, Apple and Meta.

Italy ’s Guardia di Finanza fiscal police has opened a tax probe into Elon Musk ‘s social network X in a move that could have a broader impact on the ongoing regulatory battle brewing between the European Union and U.S. tech giants including Google, Apple and Meta. Though the amount,and the possible related fine, is small for a juggernaut that generated $3.4 billion in revenue in 2023, the Italian probe is considered significant because it could set an important legal precedent within the European Union at a sensitive time. U.S. President Donald Trump recently threatened to impose tariffs on imports from countries such as Italy that charge digital service taxes on U.S. tech companies.

Get the Android app