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EU charges Elon Musk’s X for letting disinfo run wild
(www.politico.eu)
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this post was submitted on 12 Jul 2024
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It's 6% of revenue, not profit. So it cuts even more into profits as it doesn't allow a company in breach of regulations to reduce the impact of the fine by adding expenses that will temporarily lower their profit.
Even more spicy, they can also impose periodic penalties up to 5% of the average daily worldwide turnover for each day of delay in complying. That shit can bankrupt you.
6% of profit would mean that EU owes twitter money.
Or Musk could pull Twitter out of the EU.
That would be so wonderful. The EU economy would probably take off just from the saved time/brainpower, lol.
Thank you for showing me the teeth behind this ruling. If non-compliance carries harsher consequences, it may be enough