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.

  • nyctre@lemmy.world
    link
    fedilink
    English
    arrow-up
    63
    ·
    1 year ago

    A bit below that it says that they’re also threatening fines of 6% of annual revenue.

        • jarfil@lemmy.world
          link
          fedilink
          English
          arrow-up
          2
          arrow-down
          8
          ·
          1 year ago

          Are we sure Twitter 𝕏’s revenue is still in the positive? I don’t think direct injections of capital count as revenue.

          • vidarh@lemmy.world
            link
            fedilink
            English
            arrow-up
            18
            ·
            1 year ago

            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.

        • Loewi CW@lemmy.world
          link
          fedilink
          English
          arrow-up
          5
          ·
          1 year ago

          EU revenue fines are generally calculated by global revenue cause companies always try to shift the money to other countries.

        • jarfil@lemmy.world
          link
          fedilink
          English
          arrow-up
          1
          arrow-down
          1
          ·
          edit-2
          1 year ago

          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%?

    • w2qw@aussie.zone
      link
      fedilink
      English
      arrow-up
      5
      ·
      1 year ago

      Hadn’t read the actual letter. It would be interesting to know what the specific request they have is.

      • nyctre@lemmy.world
        link
        fedilink
        English
        arrow-up
        46
        ·
        edit-2
        1 year ago

        Am I missing something? I said revenue not profit. Or is the joke that Twitter isn’t making any money anymore?

        • King4408@lemmy.world
          link
          fedilink
          English
          arrow-up
          2
          arrow-down
          3
          ·
          1 year ago

          I think it hardly ever was profitable and even revenue should be quite dropping since it became X

          • VikingHippie
            link
            fedilink
            English
            arrow-up
            10
            ·
            1 year ago

            6% of their revenue is probably still billions of dollars. Might even amount to the biggest fine ever.

              • VikingHippie
                link
                fedilink
                English
                arrow-up
                6
                ·
                1 year ago

                Wow, that’s MUCH less revenue than you’d expect from a worldwide behemoth like the shithole formerly known as Twitter!

                • vidarh@lemmy.world
                  link
                  fedilink
                  English
                  arrow-up
                  4
                  ·
                  1 year ago

                  And there you have the reason they sued to force Musk to stick to his word of buying it rather than let him off the hook and look for someone else dumb enough to pay that much for it.