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

• 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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      • 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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