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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 L4s@lemmy.world to c/technology@lemmy.world

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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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[-] fmstrat@lemmy.nowsci.com 7 points 1 year ago

$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.

[-] Loewi_CW@lemmy.world 5 points 1 year ago

EU revenue fines are generally calculated by global revenue cause companies always try to shift the money to other countries.

[-] jarfil@lemmy.world 0 points 1 year ago* (last edited 1 year ago)

Assume 80% of that is Europe, and a 25% drop in revenue since X

What's the basis for assuming a 25%? Instead of, let's say, a 90%?

this post was submitted on 11 Oct 2023

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