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EU warns Elon Musk after Twitter found to have highest rate of disinformation (www.theguardian.com)

submitted 1 year ago by stopthatgirl7@kbin.social to c/worldnews@lemmy.ml

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Musk is told his platform, now known as X, must comply with new laws designed to combat fake news and Russian propaganda

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[–] Ddhuud@lemmy.world 24 points 1 year ago (1 children)

I really hope Elon given the ultimatum would go for the nuclear option and shut down Twitter in Europe.

It wouldn't even be out of character, I can imagine him vomiting some "free speech" nonsense on his way out.

The company stock price would halve, but at the speed it is already going down it wouldn't even register.

[–] Chainweasel@lemmy.world 12 points 1 year ago* (last edited 1 year ago) (1 children)

The company stock price would halve.

Elon took it private, it doesn't have a stock price anymore. But it does have a valuation, which is basically it's appraisal value, and that's already significantly lower than what he paid for it.

[–] Gamey@feddit.de 3 points 1 year ago

It was valued at roughtly a third but that was before the rebrand, now it's probably quite a bit lower!