This is some "quality" reporting. Nowhere does the EU says to remove "graphic violent images", it's only asking for transparency in what gets removed and the removal of disinformation and calls to violence.
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Getting rid of misinformation is great.
Getting rid of accurately reported, gruesome images because of a government mandate flies in the face of the core principles of free speech. And it would cause real damage to the world.
Remember that it was only when the world actually saw images of the Nazi concentration camps that the world actually believed it. They'd heard about it for years, but it was largely ignored.
Or what lol. Rich people are above the law.
I'm glad to see for once the fines are proportional to revenue, and not a fixed amount. 6% hurts.
Will it hurt though? How are they going to collect the 6%? Do US based banks cooperate with the EU on this kind of thing? What happens if Musk just tells them to go fuck themselves?
I assume EU-based ISPs will be forced to ban access to the website for noncompliance, otherwise it would have literally no teeth whatsoever
You're thinking of profit. Revenue is all money coming in before expenses. Revenue is still a big number even if they're losing money.
Also it's 6% of turnover, not revenue. And world-wide, not just the EU.
He won't, we all know he won't. He'd sooner get Twitter banned from Europe than actually try to improve his platform.
Is his goal to get the app banned from Europe?
I could see that being the business plan.
It would be great! Europe will be better without x
A porn actress was made accountable for similar actions in less time and with more impact.
Has it been 24 hrs yet?
End of Wednesday in Brussels was ~7h ago. So, yes.
Is this the thing that finally makes Musk feel some pain? You can't wiggle out of this one, EU law is pretty tight on this stuff.
If that is Net Revenue, I have some bad news for the EU. 🤣🤣🤣
I think you're thinking of profits, which is revenue minus costs.
EU fines are a percentage of global revenue, which means all the money you make in any way, anywhere in the world, before subtracting any bullshit.
Which was $4.4 billion in 2022 and is estimated to be roughly $3 billion for 2023, so the maximum fine would be 180-264 million depending on which figure is used.
For comparison, the net loss (not profit) for 2022 for twitter was 270 million.
Per occasion, and the Commission can also create a moderation enforcement team specifically for Twitter, basically forcing Twitter to have moderation, and put the cost of said moderation on Twitter, as charges separate to the fine.
Any phrase, request or threat in the from of "do X or be subject to the rules" is inherently flawed.
Why not skip the asking part and go straight to the enforcing the rules part because they're, you know; the fucking rules.
Purging the images off social media will make it easier to deny that the atrocities ever happened. Keep them there in all their gory uglyness , perhaps put a spoiler tag over them to prevent someone with a feeble constitution from accidentally stumbling onto them and accidentally being triggered , but leave them there as evidence of the evil that happened.
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