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ETtech Explainer: Why does X support proposed digital competition law while Meta, Google, Apple oppose it?

Economic TimesEconomic Times · 7m
ETtech Explainer: Why does X support proposed digital competition law while Meta, Google, Apple oppose it?

Microblogging site X, previously known as Twitter, is the only social media company supporting an ex-ante regulatory framework proposed by the Committee on Digital Competition Law (CDCL). They believe that regulatory institutions should be equipped with skilled academics to monitor technological developments. X also emphasizes the importance of carefully defining Systemically Important Digital Intermediaries (SIDIs) and complying with data protection norms. Unlike other tech giants, X isn't classified as a gatekeeper platform, therefore, the proposed ex-ante restrictions won't significantly impact their business. While X supports the regulation, they also highlight the need to avoid over-regulation that may hinder digital aspirations and innovative growth.

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