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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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.

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[-] KingThrillgore@lemmy.ml 52 points 1 year ago

Boy I hope the EU does something besides sit around with its dick in their hands.

[-] Syrc@lemmy.world 36 points 1 year ago

Failure to comply with the European regulations around illegal content could result in fines worth 6% of a company’s annual revenue.

“I remind you that following the opening of a potential investigation and a finding of non-compliance, penalties can be imposed,” Breton wrote.

The second might be just talk but the first one is very much “something”.

[-] Clusterfck@lemmy.sdf.org 16 points 1 year ago* (last edited 1 year ago)

Since Twitter lost $20 billion in value this year, he would argue that means the EU owes Twitter $1.2 billion.

Edit: Yes, revenue vs profit. I get it. It was a joke.

[-] EnglishMobster@lemmy.world 18 points 1 year ago

Revenue, not profit.

In other words - Twitter would lose even more money. And they'd lose it to people that can take it straight from their bank accounts. 6% of it, to start with.

So $0.48 of every blue checkmark would go straight to the EU.

[-] Treczoks@lemmy.world 6 points 1 year ago

And, IIRC the penalty is based on last years or accounting periods data, i.e, from times where they still earned money.

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this post was submitted on 11 Oct 2023
859 points (94.6% liked)

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