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.
Time to ban Twitter and call it a day.
I am so sick of seeing his face everywhere. I’m blocking everyone.
He’s basically the new Trump, in that for five years you could not escape Trump’s fucking face on every website you visited. Perhaps Musk isn’t quite that level, but he’s not far off. He’s in the news an insane amount, and it’s basically as annoying as Trump, only he’s not as ugly or stupid.
Elon is Desantis. Like him or not, Trump makes great TV. Its like the best thriller ever created. Elon is fine when other people talk about him. But when he’s on TV, he’s boring just like Ron. He’s got no personality.
These people gotta worship someone because they lack any sort of self identity of their own.l and critical thinking skills.
They need a leader to tell them what to do.
Are you assuming there’s so much bad coverage of Musk because people worship him? It’s almost always dunking on how much of an idiot he is and hoping he loses lots of money.
I understand it can be legitimately annoying to hear about some people repeatedly, but when the discourse is about how awful those people are, you’re better off just not clicking the link. Let people who want to eat popcorn at the circus do so and leave the circus.
i believe the is a chrome/firefox extension where you can block news about certain people. I dont remember how it’s called.
I miss Apollo where yoy could block any keyword which prevented me from seeing commwnts or posts that contained specific text…
Edit: someone below pointed out Voyager can do this in theur web app! Thanks again dude!
“Thierry Breton, the European commissioner for the internal market, said in a letter addressed to Musk on Tuesday that his office has “indications” that groups are spreading misinformation and “violent and terrorist” content on X, and urged the billionaire to respond within a 24-hour period.”
Sounds like it’s just a strongly worded letter.
A bit below that it says that they’re also threatening fines of 6% of annual revenue.
Are they gonna give Twitter more money then? /s
You’re thinking of profit, not revenue
Are we sure
Twitter𝕏’s revenue is still in the positive? I don’t think direct injections of capital count as revenue.
$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.
EU revenue fines are generally calculated by global revenue cause companies always try to shift the money to other countries.
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, 90%?
6% of zero is zero.
Am I missing something? I said revenue not profit. Or is the joke that Twitter isn’t making any money anymore?
I think it hardly ever was profitable and even revenue should be quite dropping since it became X
6% of their revenue is probably still billions of dollars. Might even amount to the biggest fine ever.
$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!
Hadn’t read the actual letter. It would be interesting to know what the specific request they have is.
Ah so that’s why he’s tanking it
You have to have revenue in order to be fined 6% of it.
I sometimes feel like the only person that remembers that DSA exists. It went into effect in August.
Doesn’t that only come into effect at the beginning of 2024?
He doesn’t have time for that, after all he’s the busiest man on the planet and earns his billions every day.
Which is why his Diablo 4 Druid is level 100. Lol.
If your going to bash him, don’t do it for him playing computer games.
…there are plenty of proper reasons!
That’s not the point. The point is that oligarchs always go on about how hard they work, which makes them somehow deserve all the wealth they’ve swindled us out of. But if you work so hard, you won’t have time to sink endless hours into a game.
When someone claims they are so work-focused that they sleep in the office and expect others to follow suit, finding out that they have a high level character in a game that’s only a few months old is worth bashing them over.
It’s not that Elon plays games, it’s that he pretends he’s too busy to do so and expects his employees to be too busy to do so.
Bashing him for his choice of game is fair play.
He’s still playing that shitty game?
Why do you know what level he has in some game? Why are people so obsessed with Elon in general? Ignore that clown.
He’s one of the wealthiest people in the world
So? Do you know the level of Gates in some game? Or any other absurdly rich person? This is only happening with Elon.
Why would he not pay somebody to play?
Little note: he doesn’t earn billions every day
oh, so sorry
Boy I hope the EU does something besides sit around with its dick in their hands.
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”.
Since Twitter lost $20 billion in value this year, he would argue that means the EU owes Twitter $1.2 billion.
Revenue. Doesn’t matter what they’re worth.
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.
And, IIRC the penalty is based on last years or accounting periods data, i.e, from times where they still earned money.
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.
What about the country where those megacorps are living?
Go EU, Go!
Failure to comply with the European regulations around illegal content could result in fines worth 6% of a company’s annual revenue.
I guess joke’s on the EU…
Because they aren’t making much money? Considering this isn’t based on profit but revenue, that’s a pretty significant fine
I’m having real hard time trying to understand what kind of “misinformation and violence” is spreading on twitter, that isn’t on other social media platforms such as right here. I wonder what even counts as “misinformation” at this point, as you can make quite outrageous but factual claims about both sides (Israeli government and hamas)
This is the most confusing conflict I’ve ever paid any significant attention to, and it feels like the more I learn, the less I understand.
I would argue a major difference between misinformation on some place like Lemmy and misinformation on Twitter, is that Musk as owner of Twitter is amplifying this misinformation. Elon Musk frequently replies to people spreading misinfo and shouts out their accounts.
What if it was some other celebrity with similarly large following doing that on some other platform?
I don’t quite buy that explanation. Basically the same thing is happening elsewhere too but instead of it being done by a single individual it’s done by many. The end result is just the same.
I tried to trace the origins of the conflict yesterday, and I got to the Russian revolution with still no concrete answer. I figured out the reason for the Balfour Declaration and the reason why there was a Zionist movement for a Jewish state, but I have yet to figure out what factors caused the events leading to that.
$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.
It’s 6% of world-wide turnover, not EU revenue. The neat part about turnover is that you can’t play shenanigans with accounting. It’s very unlikely to be the full 6% though and they will want to keep some headroom for escalation and even more egregious cases.
But yes this is absolutely “drive a company bankrupt” kind of territory and that’s precisely the intention. Either Twitter shapes up, leaves the EU market, or gets fined into non-existence.
Any updates on the situation? The 24h period must be done by now.
I have the same question. I hope the reply is published.
The saudis might give him money to mitigate fines. I’m sure that’s not beyond him to continue with a misinformation campaign if the price is right.
Well, more money for the EU and less for the Saudis wouldn’t be a bad outcome either.
I hope they have the PR for when he misses the deadline already written up so they can just hit “Publish” when he fails to respond.
As much as I hate disinformation on the internet and witnessed what it can do to people. I am very cautious when governments place themselves as the arbiters of truth. we should fight for the freedom of speech even when it is contrary to our beliefs. disinformation should be fraught against with facts and transparency.
Good luck with that doesn’t seem to be working.
I agree with you, but I’m curious to know your thoughts: What do you do when the 2-3% of people who are willing to take that fight head-on aren’t nearly enough to combat the endless bots and astroturfers across social media? I don’t count myself amongst those 2-3% by the way, I’m on Lemmy and not Reddit in part to avoid some of that. Engaging is far too much effort and I have my own problems to worry about.
It’s about making choices really. you could either take everything and do your best to sieve through the huge amount of disinformation everywhere even if it takes too much time and even risks. or chose a “good-willing good-intending” governments and mass media apparatus to be your main source of information and final arbiter of truth.
In both choices you will encounter disinformation, bias, and propaganda, except in the last one you will only be presented with one version of the events, that’s why I prefer to have access to all propaganda(s) to choose my poison.
The government has a process called the courts where they decide on what was the “truth” of the matter. Hell, they’ll even restrict your speech during a trial, jurors included. The trick here is you give power to the people to decide, arguably this is playing out in our school systems as well over books.
I like his new ‘defiant teenager’ style 😆
I will like him more when he, like some teenager, realizes there are consequences to his actions.
Oh no, no, don’t get me wrong, please.
I do not like him. I just like the style how he gets depicted recently, with the stubble etc.
Elon is okay with it since it suits him.
