Twitter is now facing a whopping $30 billion fine in Germany

[LetMyPeopleVote]

Link to tweet

https://www.cnbctv18.com/technology/twitter-faces-a-whopping-fine-in-germany-which-is-more-than-its-net-worth-16366461.htm

[highplainsdem]

1. Good.

[grumpyduck]

2. Good for them.

[Takket]

3. Germany should just block twitter

Obviously they are never going to get twitter pay a fine. Musk is sitting in the USA. he couldn’t give a shit about some fine issued in Germany. Germany should just block their access.

[lame54]

14. Maybe this is to assure he never goes there

[live love laugh]

4. Good 👍🏽

[mahatmakanejeeves]

5. cnbctv18.com is not CNBC

There is no relationship between the two. Try clicking on a tab at cnbctv18.com. What happens?

It's a deceptive site. FYI.

[Phoenix61]

7. There's nothing deceptive about it.

CNBC TV18 is an Indian pay television business and financial news channel owned by NBCUniversal and TV18.

NBCUniversal is a subsidiary of Comcast Corporation.

[mahatmakanejeeves]

13. You are right. I am wrong.

https://en.wikipedia.org/wiki/CNBC_TV18

I have run into too many look-alike and sound-alike sites. This is not one of them.

Thanks for the correction.

[Phoenix61]

20. There's a bunch out there. I've ended up down a few rabbit holes. nt

[Lars39]

6. Just breaking even!

[gratuitous]

8. I'm getting a nagging feeling here

Is it possible that Elon Musk isn't the business genius he's been made out to be???

Imma have to sit down and ponder that!

[RAB910]

9. It boggles the mind that some people thought Musk was the real life Tony Stark

[TheBlackAdder]

10. More like Tony's Shart.

[Sky Jewels]

18. ...

[DFW]

12. More like Mercury Man

Softest metal there is, and very toxic.

[DFW]

11. Sounds like a modest penalty: 1000 euros

For every German potentially exposed to illegal hate speech via Twitter. Musk should have done his homework.

Germany’s history and laws against Nazi-style hate speech are no secret. Just ask the Murdoch family why Fox Noise was denied the right to start a German language version of their toxic U.S. channel. They didn’t fight the ruling, by the way. It’s not like they were trying to deny what they were or what they were trying to do.

[Martin68]

15. So the "genius" had no idea what kind of liability he was taking on with an international

platform like Twitter. He didn't do the research, he just cancelled limits on hate speech and misinformation regardless of the consequences. What a genius!

[blogslug]

16. Dave Karpf writes about this too

https://davekarpf.substack.com/p/how-long-does-twitter-have-left

...European regulators have also sent repeat warnings that, if the company is in violation of the Digital Services Act, it will face several hundred million dollars in fines. Europe has a stronger regulatory state than the U.S. They do not fuck around.

The fines are coming. They will not be small. Between US and EU violations, I’d guess Twitter’s tab will be in the low single-digit billions. Might be more, might be less.

Regulatory investigations take time, but not as much time as the US legal system. And, again, these are broad-daylight violations. Twitter basically doesn’t have a Trust and Safety team anymore. Twitter’s compliance team is at least as decimated as all its other teams. The company has fired everyone who isn’t sufficiently obsequious to Elon. Elon’s management philosophy is a chaotic mix of lying and cyberbullying employees. That’s not going to earn him much goodwill from regulators...

David Karpf is an Associate Professor of Media and Public Affairs at George Washington University. I follow him on Mastodon:

[GoCubsGo]

17. This is a good reminder that Twitter isn't just subject to US laws.

I recall that They're running afoul of European Union rules, as well. Apparently, Eloon didn't know this, either. At least it sure looks like that.

[Sky Jewels]

19. Oopsie!

Who knew that the World Wide Web was actually not just in ‘merica?

[hunter]

21. I wont cry if twitter dies.

They've long been on my blacklist.

[sakabatou]

22. I think I've heard this story before

Where a company is bought, the new CEO screws it over, and pretty much burns it to the ground. CEO and other execs get golden parachutes, while everyone is else gets fucked.

I think this is what's going to happen.

[dickthegrouch]

23. That's gonna put a serious dent in his bank account

Didn't being a twit cost him $44B?
I wonder how much the company is actually worth today.

[dickthegrouch]

24. I hope Germany puts the money to good use

Something good for humanity.