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EU considers calculating X fines by including revenue from Musk’s other firms (arstechnica.com)

submitted 3 weeks ago by Xatolos@reddthat.com to c/technology@lemmy.world

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[–] Blemgo@lemmy.world 16 points 3 weeks ago (2 children)

While I have no idea about legality, it is quite obvious that X/Twitter is not really run as a company run as a public communications platform, but rather as a fever dream of Musk.

Especially the Eli Lily Co. disaster should've been a wake up call for X of how much harm the fake checkmarks can bring, yet nothing was done. Most likely because Elon Musk didn't care. He basically runs it like it's how little service that he fully owns and controls with full disregard to anything but his own vision.

Therefore including his other businesses makes sense, as the fine that is only based on X's income would probably be negligible in his opinion, as he runs it on a loss anyways. Only bigger fines would actually have any effect in my opinion.

[–] chiliedogg@lemmy.world 4 points 3 weeks ago

I still can't believe nothing substantive came of that.

It was incredibly harmful to the reputation and stock value of multiple pharmaceutical companies as well as Twitter. And then the greedy pharma assholes had to publicly announce they were still price-gauging people for life-sustaining medicine, making the reputational damage even worse.

[–] sugar_in_your_tea@sh.itjust.works -3 points 3 weeks ago (1 children)

That very much reads like "the ends justifies the means" logic. If a fine isn't likely to change behavior, they should just block the platform.

[–] Tabula_stercore@lemmy.world 5 points 3 weeks ago

Wven better, do like brazil; block and fine