EU set to fine Elon Musk's X up to $1 billion for breaking disinformation law
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It’s worth $33B isn’t it? Go higher please
Even a small hole can sink a ship
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“Plans to” has as much value as “slams” when it comes to real world impact. I’d love to be proven wrong and have the new title become “actually fines”, but I have my doubts.
The difference is that the judicial branch needs to be thorough and build a case. Planning to is all they can do until they actually do.
If Shitter is found to do something illegal that should land them a fine that is what will happen.
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up to $1 billion
It will be much less than a billion.
If a fine can be paid without causing financial strain, then it just becomes part of the cost of doing business.
If you want results, fine him $100 billion.
Also, they should fine him in €
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“Plans to” has as much value as “slams” when it comes to real world impact. I’d love to be proven wrong and have the new title become “actually fines”, but I have my doubts.
There is a history of following through with huge fines
https://www.theneweconomy.com/business/top-5-largest-fines-levied-on-tech-companies-by-the-european-commission -
Twitter might as well be 4chan with how heavily I avoid that site now.
Least 4chan creates memes
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It’s worth $33B isn’t it? Go higher please
"Worth" only according to its owner, who paid himself to but it from himself under a different org. Good luck finding an outside investor willing to spend $30B on it now that it's turned into a hate pool with a shit revenue stream
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Summary
The EU plans to fine Elon Musk’s X over $1 billion for violating the Digital Services Act by failing to control disinformation and illicit content.
This would mark the first major penalty under the new law and could trigger a legal clash with Musk, who vowed to fight in court.
Regulators say the fine aims to deter other platforms. Tensions with the U.S. are rising, as X also faces a broader investigation.
The EU uses selective prosecution for political ambitions. We are all going to watch the trans-Atlantic relationship crumble.
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The EU uses selective prosecution for political ambitions. We are all going to watch the trans-Atlantic relationship crumble.
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When are we going to learn that this doesn't work.
Elon will make back that billion back in a short enough time that it won't matter!
Start taking percentages of their income! Company needs to pay 30% of their revenue for ten years.
That'll put the fear god in them!
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"Worth" only according to its owner, who paid himself to but it from himself under a different org. Good luck finding an outside investor willing to spend $30B on it now that it's turned into a hate pool with a shit revenue stream
The last people to evaluate the company under the rules of fiduciary responsibility put the value at $10 billion.
Musk gets away with this because people believe his Ponzi schemes will make them rich. In a first world country he would be in prision for fraud.
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"Worth" only according to its owner, who paid himself to but it from himself under a different org. Good luck finding an outside investor willing to spend $30B on it now that it's turned into a hate pool with a shit revenue stream
That’s not the point. That’s the value at which the deal was made. Fine him more.
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Summary
The EU plans to fine Elon Musk’s X over $1 billion for violating the Digital Services Act by failing to control disinformation and illicit content.
This would mark the first major penalty under the new law and could trigger a legal clash with Musk, who vowed to fight in court.
Regulators say the fine aims to deter other platforms. Tensions with the U.S. are rising, as X also faces a broader investigation.
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The EU uses selective prosecution for political ambitions. We are all going to watch the trans-Atlantic relationship crumble.
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As if that wasn't already in progress
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As if that wasn't already in progress
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Summary
The EU plans to fine Elon Musk’s X over $1 billion for violating the Digital Services Act by failing to control disinformation and illicit content.
This would mark the first major penalty under the new law and could trigger a legal clash with Musk, who vowed to fight in court.
Regulators say the fine aims to deter other platforms. Tensions with the U.S. are rising, as X also faces a broader investigation.
Make it $10 billion. $1 billion is nothing to Elon Musk and X.
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“Plans to” has as much value as “slams” when it comes to real world impact. I’d love to be proven wrong and have the new title become “actually fines”, but I have my doubts.
I'm optimistic that it will happen eventually. The EU generally is moving with stuff like this, even though it is slow as fuck. But well, let's see, not promising anything...
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The EU uses selective prosecution for political ambitions. We are all going to watch the trans-Atlantic relationship crumble.
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EU does not have the balls to do it. Same as Democrats in US.
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That'll put the fear god in them!
Did you mean "the fear of god" or are you polytheistic? Lol
Mhmm. Yes.
