Yes, I agree that the first DSA investigation targeting X obviously has more of a populistic bent due to Elon. But he's drawn a pretty good target on his own back including but not limited to firing the election integrity team [1] while the DSA clearly states that VLOPs have to do risk assessments before elections.
Honestly, American big tech has shown close to zero ability to self-regulate the externalities of their platforms, especially abroad, and especially in smaller countries.
If the consequence of this regulation is that American tech companies pull out of hard to serve European markets I wouldn't mind that one bit. That would open up markets for local competition closer aligned to their audience. Norway doesn't use Meta as the dominant messaging app because people like it. We use it because network effects creates unassailable moats, lock-in and network effects. Most people absolutely hate Meta and loathe Google - but we can't exactly not use them without it costing us greatly.
I'm happy to live here and the actions being done by the EU with GDPR, DSA and DMA are in my honest opinion critically needed as American-centric, free-market, "free-speech" norms are misaligned with other cultures in a way that foreigners would never understand without delving deep into a countries culture. Not just through naive metrics-driven technology scaling engagement at all costs. This is warping and killing culture, media environments, advertising ecosystems and political communication in the name of profit for a select few massive tech companies which aren't even taxing to the countries they're siphoning advertising budgets out of.
X is nothing special. The only reason there isn't another Twitter is because these markets mostly have room for one platform. If Twitter disappeared in Europe there'd be a local replacement in less than a year or two. And honestly it would probably be better.
[1] https://www.theguardian.com/technology/2023/sep/28/elon-musk...