As an EU citizen, this doesn't surprise me at all. Elon is in trouble even in US at the moment. Fighting EU regulators would be too much for him to handle so he is backing down, just like with the fight against Mark.

Luckily i just managed to sell my twitter account, today, before it all comes crumbling down. I almost deleted it for free, but waited as i knew my account was worth money. Least now i got something from it and don't have to be part of that mess anymore, ever. It's like a huge elon sized weight lifted off my shoulders. I am free again. Moving to other social medias. Maybe i'll become fulltime redditor as anyhing is better than twitter.