this post was submitted on 17 Oct 2024
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EU considers calculating X fines by including revenue from Musk’s other firms (arstechnica.com)
submitted 3 months ago by Xatolos@reddthat.com to c/technology@lemmy.world
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[–] just_another_person@lemmy.world 133 points 3 months ago (1 children)

WOW. That's interesting. Kinda brilliant if it works. Wouldn't work in the US, unfortunately.

[–] givesomefucks@lemmy.world 108 points 3 months ago (1 children)

It's the same thing Brazil did.

He's rich enough that he's kind of a parent corporation by himself, so:

X was previously accused of violating the Digital Services Act (DSA), which could result in fines of up to 6 percent of total worldwide annual turnover. That fine would be levied on the "provider" of X, which could be defined to include other Musk-led firms.

But yeah, American law has been limited so the buck stops at the company which declares bankruptcy and the money starts a new company.

Not everyone else system is as shitty