837
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 11 Oct 2023
837 points (94.5% liked)
Technology
59374 readers
3548 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
$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.
Wow, that's MUCH less revenue than you'd expect from a worldwide behemoth like the shithole formerly known as Twitter!
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.