this post was submitted on 11 Oct 2023
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856
Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X (www.cnbc.com)
submitted 1 year ago by [email protected] to c/[email protected]
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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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[–] [email protected] 10 points 1 year ago (3 children)

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

[–] [email protected] 6 points 1 year ago (2 children)

$2bn in 2022 for non-US. https://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.

[–] [email protected] 6 points 1 year ago (1 children)

Wow, that's MUCH less revenue than you'd expect from a worldwide behemoth like the shithole formerly known as Twitter!

[–] [email protected] 4 points 1 year ago

And there you have the reason they sued to force Musk to stick to his word of buying it rather than let him off the hook and look for someone else dumb enough to pay that much for it.