Jeremy Tedesco

And then there's one other component of it as well.

But, you know, the question about how do they come up with $140 million, it's completely arbitrary.

In fact, the findings of fault are largely arbitrary.

The amount of the fine is arbitrary.

And that's part of the problem with the Digital Services Act is these folks have extremely broad discretion to act as judge, jury, and executioner on whether you're guilty or not.

and what kind of fine you're going to pay, they can go all the way up to 6% of your global turnover, your global revenue.

So that's billions of dollars when you're talking about companies like X. And so we can expect these fines to escalate more and more over time.

And I think, you know, the EU likes it that way because they can just ratchet it however they want to punish the companies they want to punish.

You know, and I think in the end, they either want to break up X or...

put so much pain on X that they just pull out of the EU.

Well, I mean, first of all, I think it's really important to understand that the DSA scheme already is present.

in america and that's because the dsa exists in the u s is intent on enforcing it against american companies in ways that harm american speech and so

But I will say some of the states in the U.S., like California, Colorado, Illinois, New York, they are adopting kind of pieces and parts of the DSA strategy in state law to try to, you know, essentially bring some of those censorship requirements or standards or outcomes that they like into American domestic law.

So our legal team is fighting back against those things.

Some great examples of that are a couple cases –

on behalf of the Babylon Bee, where they attacked what the states call deepfake laws, which are basically laws that just say you can't post satire or satirical memes in advance of an election if you're trying to impact the outcome of the election or if you negatively impact the reputation of a candidate.

I mean, those laws are clear violations of the First Amendment, and we've won those cases so far.

But look, Brussels—

which is where the EU is located, is trying to regulate American companies in a way that's inconsistent with the First Amendment.

And there are certain states in the United States that are also trying to do that as well, to control the speech that can occur on those platforms.