Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X, formerly Twitter
www.cnbc.com
Thierry Breton, the European commissioner for the internal market, warns Elon Musk about disinformation on X related to the Israel-Hamas conflict.

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.

  • Syrc@lemmy.worldEnglish
    371·
    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.orgEnglish
      215·
      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.

      • English Mobster@lemmy.worldEnglish
        18·
        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.worldEnglish
          6·
          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.

      • CileTheSane@lemmy.caEnglish
        4·
        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.

        Wouldn’t surprise me if that was Elon’s “strategy” here.