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EU charges Elon Musk’s X for letting disinfo run wild
(www.politico.eu)
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this post was submitted on 12 Jul 2024
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What if Musk pulls Twitter out of the EU? What fraction of their revenue is that, I wonder?
Normally this would be too crazy to even consider, but... this is Musk we're talking about. I'm sure he hates the EU government's guts already. And that totally sounds like an impulse decision he would make.
Win win?
Hmm..EU citizens would be winning, but who else?
Musk could keep doing whatever it is he's doing right now.
He could not though - losing the EU would be a win for him how?
Musk could keep doing whatever it is he's doing right now.
I think his main motivation for continuing to run the company is to spread his agenda. If it only costs him a small percent of revenue to keep pushing Nazi taking points, thenbi think he'll just pay the fines.
hehe, double the fines every day of noncompliance. I heard you like fines, so I added some fines on your fines and some fines on top of those to go with your fines. Don't fuck with EU regulators.
Even without doubling, fines on a regular basis can hurt. Norway imposed $100k fine on FB on a daily basis, and FB is scrambling to do something about it, especially before other countries in the EU follow suit
100k isn't that much. However, if the EU decides to go for the total 6% of global revenue it will cost Musk a shitload of money.
100k is a lot when you consider how small Norway's population is. If you extend that same ratio per capita to the rest of the EU, FB would go broke.
OK, you got a point there.
@cows_are_underrated @world Does X have a high turnover of anything (except staff)?
You raise an interesting point, but Norway isn't in the EU, is it?
For many intents and purposes, Norway uses the same laws and regulations the EU does. In this particular case, it's just about setting an example
As someone who works in the field, DSA-like regulation is coming to many countries over the next couple years. We also have regulations on political ads that are similar to DSA already in many countries already. Mega platforms like X have little choice but to get compliant
A lot of companies that loudly "pulled out of Russia" are still working in Russia.
Twitter's business is advertising. If they shun the EU, EU companies just aren't allowed to buy ads without getting in hot water themselves.
He always complies with everything e.g. Turkey and many authoritarian governments want without a peep. The EU (and an even more shocking example: Brazil) are the only chumps who let him troll with impunity. Time to change that.