Does the @EU_Commission realize that #ElonMusk does not care if #Twitter is fined for not following the rules‽ Musk is not even paying rent in the buildings he is leasing!

When the #EuropeUnion 🇪🇺 fines Twitter, Musk will probably layoff Twitter employees in #Europe out of spite, & maybe ban #European accounts on the bird site too.

👉🏾 Twitter pulls out of voluntary EU disinformation code https://www.bbc.com/news/world-europe-65733969

Twitter pulls out of voluntary EU disinformation code

"You can run but you can't hide," commissioner Thierry Breton warns Twitter over upcoming rules.

BBC News
@darnell @EU_Commission maybe closing all EU offices and blocking Europeans from using Twitter isn’t such a bad thing

@yeri @EU_Commission I doubt blocking will every happen due to the “consensus” mode that is a feature within European governments (I also doubt a majority would vote for a block).

A better option would be to sanction advertisers from doing business with #Twitter & cut off the flow of money to the platform.

@darnell @yeri @[email protected] eu fines are not cheap if it comes to that. They're usually a certain proportion of the total turnover. In GDPR it's either 10 million or 2% of global turnover whichever is higher.

@nemeciii @darnell @yeri @EU_Commission
I don't think there are many businesses doing business with #Twitter any more, and I doubt they are going to pay the fines too.

All these are only piling up liabilities to accelerate its eventual bankruptcy.

Honestly, I wouldn't like to be Twitter creditor... 😅

@kikobar @nemeciii @darnell @EU_Commission still a lot paying for ads though (a lot of dodgy companies too). Not sure about suppliers (cloudflare, for one, still supplies zero trust solutions, but took a lot of work to get them to pay the bill and settled on a smaller $$$ due to ‘massive headcount reduction’)

@darnell
The EU knows how to deal with that

Violating the new Digital Markets Act can cost up to 20 % of annual revenue. Violating the Digital Services Act can cost up to 6 %

Ignoring the fines makes it worse. The EU can basically suspend the service or more or less take over a company

https://digital-markets-act.ec.europa.eu/about-dma_en

https://ec.europa.eu/commission/presscorner/detail/en/QANDA_20_2348

About the Digital Markets Act

The DMA is one of the first regulatory tools to comprehensively regulate the gatekeeper power of the largest digital companies. The DMA complements, but does not change EU competition rules, which continue to apply fully.

Digital Markets Act (DMA)

@JohanEmpa Can the EU enforce rules on a non compliant company headquartered outside of the region‽

#ElonMusk is ignoring US laws & policies when it comes to honoring fiduciary contracts (not paying rent, contractors & partially paying severance pay).

I doubt #ElonMusk will comply & (falsely) accuse #Europe of censorship when the fines are levied.

@darnell They can probably block a non compliant company from providing an app in the EU, but I believe Twitter will follow the rules.

@JohanEmpa I can see countries like #Germany 🇩🇪 blocking #Twitter, but I doubt the @EU_Commission has enough consensus region wide to pull it off (as some countries like #Hungary 🇭🇺 will object).

That said, I expect #ElonMusk to appeal any blockages via courts, which can take years to resolve.

@darnell Használni akarom a Twittert, de az Európai Unió átver minket