In the past, the EU has not hesitated to try to apply European law to tech companies. Over the past decade, for example, Google has faced three fines totaling more than $8 billion for breaking antitrust law (though one of these fines was overturned by the EU’s General Court in 2024).

German Chancellor Olaf Scholz of The Social Democratic party SPD speaks during his election campaign rally in Wiesbaden, Germany, January 25, 2025. REUTERS/Wolfgang Rattay/File Photo BERLIN (Reuters) - German Chancellor Olaf Scholz on Tuesday sharply criticized Elon Musk's backing of the right-wing parties in the European Union,

X’s deal with Visa, the largest U.S. credit card network, was announced by CEO Linda Yaccarino and will be dubbed X Money Account.