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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.
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Musk is about to learn why getting rid of the content moderation department wasn't very cost-saving to the operation of his platform.
"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.
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I sometimes feel like the only person that remembers that DSA exists. It went into effect in August.
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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!
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.
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.
Bashing him for his choice of game is fair play.
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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.
Edit: Yes, revenue vs profit. I get it. It was a joke.
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.
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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
$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.
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.
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I've been on several social median sites and ironically it seems reddit and X both have a lot of information.
Reddit had several western articles about Hamas beheading 40 babies. The upvotes and comments are extremely biased and genocidey.
The beheading 40 babies claim has be debunked but there's still no talk about it on reddit, they've just chewed that shit up and run with it.
X has a lot of not farms and Indians so its very muddy trying to distinguish what type of information you're getting.
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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.
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.
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Europe gives Elon Musk 24 hours to respond
So kinda like... a Final Countdown?
He'll fuck this up. I look forward to reading the EU's chastising later today.
Let's go Lonnie (you stupid piece of shit), Let's go!
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.
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this post was submitted on 11 Oct 2023
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