Comment on Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X
LittleWizard@feddit.de 1 year agoAre they gonna give Twitter more money then? /s
$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.
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 the 25%? Instead of, let’s say, 90%?
SpaceMan9000@lemmy.world 1 year ago
You’re thinking of profit, not revenue
jarfil@lemmy.world 1 year ago
Are we sure
Twitter𝕏’s revenue is still in the positive? I don’t think direct injections of capital count as revenue.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.