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.
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.
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.
That’s pretty much the joke I was going for, but I guess I should’ve been more obvious……
What about the country where those megacorps are living?
Time to ban Twitter and call it a day.
Any updates on the situation? The 24h period must be done by now.
I have the same question. I hope the reply is published.
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.
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Europe gives Elon Musk 24 hours to respond
So kinda like… a Final Countdown?
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.
Ok, it’s been 24 hours, anyone have an update?
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!
I’m glad that someone is fighting misinformation. What scares me, is if the right wing in the US starts trying to do the same thing. Can you imagine them cracking down on Facebook, X, etc for misinformation like the EU is doing? It would only be Biden conspiracies and pro Trump propaganda allowed. Good thing we aren’t giving our government that power.
Moms of Liberty enters the chat
$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.
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.
We’re talking stuff like footage for other wars, cgi, even stuff from video games
“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.
I sometimes feel like the only person that remembers that DSA exists. It went into effect in August.
Or else what, exactly? Until someone actually holds his feet.to the fire, the idiocy will continue.
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New EU regulations put more responsibilities on tech giants: https://en.m.wikipedia.org/wiki/Digital_Services_Act
Lemmy instance admins are responsible for staying compliant with laws of countries they operate in, there’s nothing new about it.
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You should read it at your earliest convenience, as your preemptive conclusion that the “EU just preemptively banned social media in the EU” is absolutely not what the Digital Services Act is about.
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You’ve linked to the Digital Markets Act. The Digital Services Act, also linked from the Wikipedia article provided above, is a different thing.
You don’t understand correctly:
“The DSA proposal maintains the current rule according to which companies that host other’s data are not liable for the content unless they actually know it is illegal, and upon obtaining such knowledge do not act to remove it.”
No idea how you came to that wild conclusion lol
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You’ve read the Digital Markets Act, not the Digital Services Act and everything you say sounds completely made up again. I’m sure as shit not gonna read the whole thing you linked just to prove you wrong. Either come up with quotes from the right document or this discussion is over.
What is wrong with you…
lol
To my knowledge, the current status of x formerly known as twitter, is that it is terrible. Elon has fired most of the staff, part of that staff was content monitors that should delete misinformation before it gains too much traction. The EU holds websites responsible if they don’t at least try dealing with it. Lemmy is not even a blip on their radar, and would not even be easily threatened being a collection of random servers
