The EU has the firepower to bring Twitter to heel.
But a lack of willingness to act quickly has so far hamstrung the bloc's enforcement role when it comes to holding Elon Musk to Europe's standards, according to eight EU and national government officials
https://www.politico.eu/article/elon-musk-europe-regulation-enforcement/
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The U K government has the legislation to bring social media / tech giants in to line, however when this will get voted on is unknown.
In the meantime they carry on as normal with users paying the price.
