Port Vale Devil
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Musk is a...pioneer?
concerningMusk is a...pioneer?
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To be honest I don’t think this is a Muskism. It’s the result of things like GDPR and Apple’s privacy changes having a cataclysmic effect on social media’s monetisation. Users have always been the product, that has to change now and users are now the customers again.
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Im sure this $1.5bn was already included in their risk assessment and they felt it was a profitable move anyway.Tweet
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Quite possible, but if they don't actually remedy the situation the fines are going to come faster and get bigger. They could go up to 4% of annual global turnover. I don't know if there are any other tools the EU can use if Facebook simply eats that ~$5 billion per year, but I assume that would eat into their European profit margins quite a bit.Im sure this $1.5bn was already included in their risk assessment and they felt it was a profitable move anyway.
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Yikes - looks like my nice "ESPN/Disney+/Hulu" package will go away. Bummer.
There have already been a few changes the last year.or so. EE & BT merged and BT Sports rebranded to TNT and now this. With Apple deciding against bidding for Premiership football and Sky retaining the majority of the games, until 2029 this monster may be lining up a future challenge.
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