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X to be investigated for allegedly breaking EU laws on hate speech and fake news (www.theguardian.com)

submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 10 points 11 months ago* (last edited 11 months ago) (3 children)

Copy paste of my comment on this story in another community:

For those wondering:

The wide-ranging Digital Services Act (DSA) can fine a company up to 6% of its global turnover for violating the rules

Based on revenue in 2022, that means Twitter faces a $264 million dollar fine.

The DSA isn't the real danger for twitter. That would be NetzDG. From April, 2023:

The law, known colloquially as NetzDG, allows for fines of up to €50 million per case. ... Even just in Germany if the BfJ were to act on the 600+ illegal hate speech cases that have already been reported to it that could sum to fines of up to €30 billion for Twitter, based on the maximum penalties set out in the NetzDG law.

[–] [email protected] 5 points 11 months ago

mm that sounds juicy, fingers crossed

[–] [email protected] 2 points 11 months ago

With what Twitter is worth now, that fine would be akin to complete asset forfeiture.

[–] [email protected] 1 points 11 months ago

And based on my predictions, that’ll amount to about fifty dollars by the end of 2025.