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this post was submitted on 11 Oct 2023
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Since Twitter lost $20 billion in value this year, he would argue that means the EU owes Twitter $1.2 billion.
Edit: Yes, revenue vs profit. I get it. It was a joke.
Revenue. Doesn't matter what they're worth.
Revenue, not profit.
In other words - Twitter would lose even more money. And they'd lose it to people that can take it straight from their bank accounts. 6% of it, to start with.
So $0.48 of every blue checkmark would go straight to the EU.
And, IIRC the penalty is based on last years or accounting periods data, i.e, from times where they still earned money.
Wouldn't surprise me if that was Elon's "strategy" here.
That’s pretty much the joke I was going for, but I guess I should’ve been more obvious……