The EU next year may fine Twitter 6% of revenues

Just within fair usage in larger part because this is educational.

NYT Dealbook
by Andrew Ross Sorkin
This is from an emailed column there is no link


Elon Musk is facing a growing backlash from lawmakers on both sides of the Atlantic, with threats of fines and sanctions, after Twitter suspended the accounts of at least eight journalists without warning, including those belonging to The Times’s Ryan Mac, CNN’s Donie O’Sullivan and The Washington Post’s Drew Harwell. Not only could this raise the regulatory heat on Twitter, and possibly Musks’ other companies, it could also hurt his push to get reluctant advertisers back onto the platform.

The suspensions have triggered a wave of protests. News organizations, including The Times and CNN, have demanded that Musk explain his rationale. Supporters of the journalists argued on Twitter that Musk’s latest move was overly punitive.

One big question: Will Musk’s silencing of prominent voices on Twitter have any knock-on effects for his other companies, including Tesla and SpaceX, which is a big recipient of government funding and projects?

E.U. lawmakers may go on the offensive. Vera Jourova, European Commission vice president, said the move violated the E.U.’s Digital Services Act and the Media Freedom Act. “There are red lines. And sanctions, soon,” she tweeted this morning. The recently ratified Digital Services Act serves as a kind of rule book on moderating content for firms operating in the bloc. It goes into effect next year, and carries a fine of 6 percent of global revenues for companies that run afoul of the rules.

Last night, Lori Trahan, a Democratic congresswoman from Massachusetts and a member of the House committee on electronic communications and the internet, also expressed dismay over Musk’s move. She said she had received assurances this week from the company that it had no intention of retaliating against journalists or independent researchers who cover Musk and Twitter critically. “Less than 12 hours later, multiple technology reporters have been suspended. What’s the deal, @elonmusk?,” she tweeted.