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this post was submitted on 12 Oct 2023
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While we’re waiting, did musk respond? His 24 hours are over
Auto-replied with a poop emoji probably. That's a thing the twitter press office does apparently.
In Musk's defense, it would be hilarious if twitter's response to the EU, the German authorities and others is a poop emoji, and this is the final straw that results in the EU handing out the maximum fine of 300 million dollars, and Germany handing out the potential maximum fine of 30 billion euros under NetzDG legislation for the 600 cases that had been reported by april.
Holy shit, I want to see this happen. It'd probably be the final nail in the coffin for twitter.
That’d put him, like, $70B underwater overall on his purchase of Twitter
Lmao :D
Maybe a bit unrelated, but where does the $30bn go if it is fined and paid?
Shared between EU countries I'd guess, if not then hopefully to my pocket lol.
nope. The 30B are from the NetzDG, which s a uniquely German law, so the Money will go to Germany.
now the 300M from the EU law:
i have only read the Law a bti, but as far as i understand it, the EU itself doesn't fine Twitter, but instead just allows iits Member States to collect fines (that collectively don't go above 6% of annual revenue)
maybe you can understand it a bit more: https://eur-lex.europa.eu/legal-content/EN/TXT/?toc=OJ%3AL%3A2022%3A277%3ATOC&uri=uriserv%3AOJ.L_.2022.277.01.0001.01.ENG