Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X
Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X
Thierry Breton, the European commissioner for the internal market, warns Elon Musk about disinformation on X related to the Israel-Hamas conflict.
Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X::Thierry Breton, the European commissioner for the internal market, warns Elon Musk about disinformation on X related to the Israel-Hamas conflict.
![[Twitter] Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X, formerly Twitter](https://lemmy.world/pictrs/image/2ac2419b-29bd-4da2-af6b-cc231718764d.jpeg?format=webp&thumbnail=196)
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"Thierry Breton, the European commissioner for the internal market, said in a letter addressed to Musk on Tuesday that his office has “indications” that groups are spreading misinformation and “violent and terrorist” content on X, and urged the billionaire to respond within a 24-hour period."
Sounds like it's just a strongly worded letter.
A bit below that it says that they're also threatening fines of 6% of annual revenue.
Are they gonna give Twitter more money then? /s
You're thinking of profit, not revenue
Are we sure
Twitter𝕏's revenue is still in the positive? I don't think direct injections of capital count as revenue.Revenue is money in before costs, so yes their revenue is still positive given they are actually charging some people positive amounts. Their earnings are quite likely negative.
$2bn in 2022 for non-US. https://www.businessofapps.com/data/twitter-statistics/
Assume 80% of that is Europe, and a 25% drop in revenue since X, is $1.2bn, then 6% is $72m. This would likely be a daily fine of about $197K per day USD, minus shifty billionaire revenue reporting.
EU revenue fines are generally calculated by global revenue cause companies always try to shift the money to other countries.
Assume 80% of that is Europe, and a 25% drop in revenue since X
What's the basis for assuming a 25%? Instead of, let's say, a 90%?
Hadn't read the actual letter. It would be interesting to know what the specific request they have is.
Ah so that's why he's tanking it
You have to have revenue in order to be fined 6% of it.
I sometimes feel like the only person that remembers that DSA exists. It went into effect in August.
Doesn't that only come into effect at the beginning of 2024?
If I understand correctly it's a gradual rollout.