this post was submitted on 11 Oct 2023
850 points (94.5% liked)
Technology
59223 readers
3444 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Are they gonna give Twitter more money then? /s
You're thinking of profit, not revenue
Are we sure ~~Twitter~~ ๐'s revenue is still in the positive? I don't think direct injections of capital count as revenue.
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.
$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.
EU revenue fines are generally calculated by global revenue cause companies always try to shift the money to other countries.
What's the basis for assuming a 25%? Instead of, let's say, a 90%?