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Bluesky Says It Will Comply With EU Rules After Being Called Out (www.bloomberg.com)

submitted 2 weeks ago by [email protected] to c/technology

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[–] [email protected] 43 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

Dont sell anything, yet. I'm sure they will a start selling things sooner or later, seeing as it's not a charity, and its platform is expensive to run.

That 6% is the gross of sales, not ~~revenues~~ profit as well. It can work out to a company's entire profit margin. Its an incredibly serious fine you dont want trained on you at any point.

[–] djsp 20 points 2 weeks ago* (last edited 2 weeks ago)

That 6% is the gross of sales, not revenues as well.

I think you mean "that's 6% of revenue, not profit". Revenue is gross income before expenses and other tax deductions. Sales is revenue generated by selling products and services, as opposed to interest and investment proceeds. Profit is revenue minus expenses and tax deductions and is where corporations often cheat.

[–] [email protected] 6 points 2 weeks ago

They have already stated they'll do a premium subscription