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

submitted 10 months ago by RandAlThor@lemmy.ca to c/worldnews@lemmy.ml

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[-] Hyperreality@kbin.social 10 points 10 months ago* (last edited 10 months ago)

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.