Comment on Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X

w2qw@aussie.zone ⁨1⁩ ⁨year⁩ ago

• nyctre@lemmy.world ⁨1⁩ ⁨year⁩ ago

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

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  • LittleWizard@feddit.de ⁨1⁩ ⁨year⁩ ago

    Are they gonna give Twitter more money then? /s

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    • SpaceMan9000@lemmy.world ⁨1⁩ ⁨year⁩ ago

      You’re thinking of profit, not revenue

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      • jarfil@lemmy.world ⁨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.

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    • fmstrat@lemmy.nowsci.com ⁨1⁩ ⁨year⁩ ago

      $2bn in 2022 for non-US. 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.

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      • Loewi_CW@lemmy.world ⁨1⁩ ⁨year⁩ ago

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

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      • jarfil@lemmy.world ⁨1⁩ ⁨year⁩ ago

        Assume 80% of that is Europe, and a 25% drop in revenue since X

        What’s the basis for the 25%? Instead of, let’s say, 90%?

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  • Xtallll@lemmy.blahaj.zone ⁨1⁩ ⁨year⁩ ago

    6% of zero is zero.

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    • nyctre@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Am I missing something? I said revenue not profit.

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      • King4408@lemmy.world ⁨1⁩ ⁨year⁩ ago

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

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  • w2qw@aussie.zone ⁨1⁩ ⁨year⁩ ago

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

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  • goferking0@lemmy.sdf.org ⁨1⁩ ⁨year⁩ ago

    Ah so that’s why he’s tanking it

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  • dangblingus@lemmy.world ⁨1⁩ ⁨year⁩ ago

    You have to have revenue in order to be fined 6% of it.

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• misk@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

  I sometimes feel like the only person that remembers that DSA went into effect in August.

  en.m.wikipedia.org/wiki/Digital_Services_Act

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  • kungen@feddit.nu ⁨1⁩ ⁨year⁩ ago

    Doesn’t that only come into effect at the beginning of 2024?

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    • misk@sopuli.xyz ⁨1⁩ ⁨year⁩ ago

      If I understand correctly it’s a gradual rollout.

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