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Bluesky Says It Will Comply With EU Rules After Being Called Out
(www.bloomberg.com)
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this post was submitted on 28 Nov 2024
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Well…since they don’t sell anything, and where exactly they’re getting their money from is an outstanding question, I’m sure once they get to 45 million users in the block they’ll be happy to pay 6% of zero.
Dont sell anything, yet. I'm sure they will a start selling things sooner or later, seeing as it's not a charity, and its platform is expensive to run.
That 6% is the gross of sales, not ~~revenues~~ profit as well. It can work out to a company's entire profit margin. Its an incredibly serious fine you dont want trained on you at any point.
I think you mean "that's 6% of revenue, not profit". Revenue is gross income before expenses and other tax deductions. Sales is revenue generated by selling products and services, as opposed to interest and investment proceeds. Profit is revenue minus expenses and tax deductions and is where corporations often cheat.