2023-11-01 13:27:40
It’s a symbol: 1 billion euros in turnover. In a year, OVHcloud might reach this milestone. Not bad for the company that Octave Klaba created in 1999 while he was still a student! When announcing its annual results, the “cloud” giant with its 37 data centers, whose stronghold is Roubaix, posted 897 million euros in turnover. We can applaud…
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#Roubaisian #OVHcloud #approaching #billion #euros #turnover #rise #slowing
Tag:
New technologies
Elon Musk Considers Shutting Down Twitter in Europe: Challenges of Compliance with Digital Services Act
written by Alexandra Hartman Editor-in-Chief
2023-10-19 10:22:20
Couple Klara Durand
Published 1 hour ago, Updated 1 hour ago
Elon Musk GONZALO FUENTES / REUTERS
Rather than complying with European Union requirements in terms of content moderation, the billionaire might make it impossible to use X on European soil.
Rather than complying with European legislation on digital services (Digital Services Act), why not simply shut down X (formerly Twitter) in Europe? According to the American economic media Business Insider, this is a solution that Elon Musk would consider. According to an internal source interviewed by the American media, the boss of X says he is frustrated at having to comply with the DSA. The text requires platforms like its own to implement effective content moderation and remove false information. However, since October 8, violent and sometimes misleading images of the conflict in Israel have been circulating en masse on the social network.
The question of the effectiveness of moderation on the part of On October 11, the latter sent a letter to the X teams to remind them of their obligations towards the new European law. For his part, Elon Musk has made several tweets in which he claims not to know what Thierry Breton is talking regarding. Subsequently, the European Commission opened a formal investigation. If the social network does not comply with the DSA, it might issue a fine equivalent to 6% of the company’s turnover.
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In response, it therefore appears that Elon Musk might remove access to X in Europe. This is the option that Mark Zuckerberg already chose a few months ago for his new social network, Threads. Launched this summer, the billionaire explained that he wanted “take the time to study the obligations surrounding the DSA» before opening access to its application to European Internet users. Users can view Threads posts from its website, but cannot post or download the mobile app.
Europeans are deserting
Elon Musk’s decision might also be motivated by the absence of human resources to comply with European legislation. Since its $44 billion takeover of Twitter in October 2022, most of the members dedicated to moderation policies have been fired. And almost all of the company’s dozens of international offices have been closed in several European countries but also in Australia, Africa, India and South Korea. Already at the time of the takeover, Elon Musk proposed that the platform be operated only in countries where it is very popular, namely the United States, the United Kingdom and Japan.
If European Internet users today represent 9% of Twitter’s 400 million monthly active users, many of them are deserting the platform. According to Apptopia data relayed by Business Insider, daily use of X by European users has fallen between 10% and 40% depending on the country over the last three months. Some are turning to alternatives like BlueSky, which gained 500,000 users in a month.
And this disenchantment with X might accelerate further. Elon Musk continues his overhaul of the social network and continues to make decisions that cause controversy. Currently, the boss of Tesla is trying, in the Philippines and New Zealand, a subscription of one dollar per year for new registrants on X. The stated objective is to fight once morest fake accounts present on the platform. An experiment which provokes the ire of many Internet users, with the prospect that this novelty will then be generalized to all users of the social network.
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#Elon #Musk #closing #Twitter #Europe
2023-10-12 16:00:24
Bad news for Microsoft: the IRS, the tax services in the United States, are demanding nearly 29 billion dollars from the IT giant. The IRS, the powerful tax authority, was interested in tax evasion practices for a period from 2004 to 2013. In a press release, Microsoft vigorously contests this.
Published on :
1 mn
« We do not agree », writes the group which announces its appeal. A procedure which already ensures Microsoft several years of respite while tax lawyers and accountants from both camps will look into the company’s accounts over a period of almost ten years.
Reduce tax optimization
The IRS, as usual, has not commented but we know that it is actively working to reduce tax optimization practices, a scourge that deprives the United States of billions of dollars in revenue each year. A practice that is all the easier for multinationals which operate in many countries, sometimes taking advantage of their subsidiaries to artificially transfer the income generated and ultimately cheat on taxes.
Artificial intelligence
The Biden administration has understood this well,Inflation Reduction Act, the current president’s major economic program provides for a significant increase in the IRS budget over ten years. An expense that we understand better when we know that each dollar invested in the tax administration brings in twelve in taxes collected.
The IRS has even invested in artificial intelligence to help its agents spot the shadiest tax returns, those that will bring in the most money for the taxpayer.
Read alsoUnited States: Amazon sued by 17 states and the competition authority for abuse of dominant position
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#Microsoft #owes #taxman #billion
US Tax Authorities Demand $28.9 Billion from Microsoft for Unpaid Amounts and Penalties: Latest Updates
written by Alexandra Hartman Editor-in-Chief
2023-10-11 21:15:00
A request made by the authorities for sums not paid between 2004 and 2013, as well as interest and penalties.
The US tax authorities are demanding $28.9 billion from Microsoft for unpaid amounts between 2004 and 2013, as well as interest and penalties, according to a stock market document published Wednesday by the IT giant.
Read alsoVideo games: Microsoft expected to turn the corner with the launch of the ambitious Starfield
Microsoft announces its intention to appeal in this same document, a process which should last “several years“, according to a note written by one of the group’s leaders, and added to the document: “We believe we have always…paid the taxes we owed in the United States and around the world».
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#taxes #claim #billion #Microsoft