Elon Musk has until the end of Wednesday to respond to demands from Brussels to remove graphic images and disinformation linked to the violence in Israel from his social network X — or face the full force of Europe's new social media rules.
Thierry Breton, the European Union commissioner who oversees the bloc's Digital Services Act (DSA) rules, wrote to the owner of X, formerly Twitter, to warn Musk of his obligations under the bloc's content rules.
If Musk fails to comply, the EU's rules state X could face fines of up to 6 percent of its revenue for potential wrongdoing. Under the regulations, social media companies are obliged to remove all forms of hate speech, incitement to violence and other gruesome images or propaganda that promote terrorist organizations.
Since Hamas launched its violent attacks on Israel on October 7, X has been flooded with images, videos and hashtags depicting — in graphic detail — how hundreds of Israelis have been murdered or kidnapped. Under X's own policies, such material should also be removed immediately.
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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.
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This is not toothless…well it is a bit in that they constantly warn instead of imposing the fines but 6% of revenue has fuck all to do with net profit(which is always positive or else it would be a loss).
I mean, twitter is at the risk of bankruptcy so…
EU can only penalize him on revenue (not profit) in the EU. So likely small fries compared to the billions of dollars of devaluation and advertiser revenue he's already squandered on his crusade.