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

• 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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      • vidarh@lemmy.world ⁨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.

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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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      • VikingHippie@lemmy.wtf ⁨1⁩ ⁨year⁩ ago

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

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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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