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Elon Musk is considering taking Twitter out of Europe amid EU compliance investigation (www.businessinsider.com)

submitted 1 year ago by [email protected] to c/[email protected]

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As Twitter, renamed X, faces increased scrutiny in the EU and usage falls, Elon Musk has floated drastic action.

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[–] [email protected] 6 points 1 year ago (1 children)

I'm not so sure.

He owns it outright now.

There are no other shareholders to answer to.

If he wanted to close it down tomorrow, he could just turn off the servers and sack everyone.

[–] [email protected] 3 points 1 year ago (1 children)

It is likely that some of his employees have contracts, and he might have to pay out the remainder of those contracts, depending on the details and national labor law.

[–] [email protected] 2 points 1 year ago

I also think as he doesn't align politically with a lot of ppl on Twitter, he might wanna phase it out slowly, so there's no sudden jump in other platforms trying to take over the role of Twitter.

Ofc I have no evidence for that, but I could see him doing that.