▲ 819 ▼ Europe gives Elon Musk 24 hours to respond about Israel-Hamas war misinformation and violence on X (www.cnbc.com) submitted 2 years ago by L4s@lemmy.world [M, B] to c/technology@lemmy.world 170 comments fedilink hide all child comments 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.
[–] LittleWizard@feddit.de 48 points 2 years ago (2 children) Are they gonna give Twitter more money then? /s permalink fedilink source parent hideshow 4 child comments replies: [–] SpaceMan9000@lemmy.world 29 points 2 years ago (1 child) You're thinking of profit, not revenue permalink fedilink source parent hideshow 2 child comments replies: [+] jarfil@lemmy.world -6 points 2 years ago (1 child) Are we sure Twitter 𝕏's revenue is still in the positive? I don't think direct injections of capital count as revenue. permalink fedilink source parent hideshow 2 child comments replies: [–] vidarh@lemmy.world 17 points 2 years ago Revenue is money in before costs, so yes their revenue is still positive given they are actually charging some people positive amounts. Their earnings are quite likely negative. permalink fedilink source parent [–] fmstrat@lemmy.nowsci.com 8 points 2 years ago (2 children) $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. permalink fedilink source parent hideshow 4 child comments replies: [–] Loewi_CW@lemmy.world 4 points 2 years ago EU revenue fines are generally calculated by global revenue cause companies always try to shift the money to other countries. permalink fedilink source parent [–] jarfil@lemmy.world 0 points 2 years ago* (last edited 2 years 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%? permalink fedilink source parent
[–] SpaceMan9000@lemmy.world 29 points 2 years ago (1 child) You're thinking of profit, not revenue permalink fedilink source parent hideshow 2 child comments replies: [+] jarfil@lemmy.world -6 points 2 years ago (1 child) Are we sure Twitter 𝕏's revenue is still in the positive? I don't think direct injections of capital count as revenue. permalink fedilink source parent hideshow 2 child comments replies: [–] vidarh@lemmy.world 17 points 2 years ago Revenue is money in before costs, so yes their revenue is still positive given they are actually charging some people positive amounts. Their earnings are quite likely negative. permalink fedilink source parent
[+] jarfil@lemmy.world -6 points 2 years ago (1 child) Are we sure Twitter 𝕏's revenue is still in the positive? I don't think direct injections of capital count as revenue. permalink fedilink source parent hideshow 2 child comments replies: [–] vidarh@lemmy.world 17 points 2 years ago Revenue is money in before costs, so yes their revenue is still positive given they are actually charging some people positive amounts. Their earnings are quite likely negative. permalink fedilink source parent
[–] vidarh@lemmy.world 17 points 2 years ago Revenue is money in before costs, so yes their revenue is still positive given they are actually charging some people positive amounts. Their earnings are quite likely negative. permalink fedilink source parent
[–] fmstrat@lemmy.nowsci.com 8 points 2 years ago (2 children) $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. permalink fedilink source parent hideshow 4 child comments replies: [–] Loewi_CW@lemmy.world 4 points 2 years ago EU revenue fines are generally calculated by global revenue cause companies always try to shift the money to other countries. permalink fedilink source parent [–] jarfil@lemmy.world 0 points 2 years ago* (last edited 2 years 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%? permalink fedilink source parent
[–] Loewi_CW@lemmy.world 4 points 2 years ago EU revenue fines are generally calculated by global revenue cause companies always try to shift the money to other countries. permalink fedilink source parent
[–] jarfil@lemmy.world 0 points 2 years ago* (last edited 2 years 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%? permalink fedilink source parent