Less considering more doing
this post was submitted on 17 Oct 2024
591 points (98.5% liked)
Technology
58731 readers
4252 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
Do it. The crimes are almost entirely by him personally, and had unprecedented damage. He should be responsible with all his money - a Twitter-sized blow would be a slap on the wrist as the platform is worth just $5B or thereabouts.
As much as I hate musk, I don't think this is correct, or even legal..?
he's the one whose blurred the lines between the businesses.
taking funds from one to pay for the other regularly.
I'd say the EU has every right to do it this way.
While I have no idea about legality, it is quite obvious that X/Twitter is not really run as a company run as a public communications platform, but rather as a fever dream of Musk.
Especially the Eli Lily Co. disaster should've been a wake up call for X of how much harm the fake checkmarks can bring, yet nothing was done. Most likely because Elon Musk didn't care. He basically runs it like it's how little service that he fully owns and controls with full disregard to anything but his own vision.
Therefore including his other businesses makes sense, as the fine that is only based on X's income would probably be negligible in his opinion, as he runs it on a loss anyways. Only bigger fines would actually have any effect in my opinion.
Who cares about legal if it hurts republicans?
He's free to leave the EU at anytime. They are allowed to create appropriate punishments to deter further misuse. They are saying here that they need to be able to punish more to deter him, as he's an asshole who says fuck you to everyone.
legality i don't know, but guess who has an infinite supply of lawyers? Musk was able to secure loans for his Twitter misadventure based on all his other shit. Everything he does is entangled with his other stuff. The Hyperloop? lies.
It's finally time to hold the people hiding behind the companies accountable!!
woohoo!
break his ability to finance the orange felon
That would be extra funny, considering at least some motivation behind his initially bidding on Twitter, was to cash out his absurdly overvalued Tesla stock, without causing it to crash.
Clearly he signed that initial Delaware contract while he was still riding high on mania, but still, his desire to convert his overpriced Tesla stock played no small part. The remaining rationale was mostly drug-induced psychosis, but I digress.
So, calculating fines based on his overpriced assets, forcing him to sell off a bunch of those shitty assets, and risking their price falling closer to their true worth, would be hilarious.
It's also why I am skeptical that they'll do it, or at least I'm skeptical they'll do it in a way that would trigger a domino effect, or market contagion.
fine the fucker for 20% of his net "worth", that should give him some pause
load more comments
(17 replies)
WOW. That's interesting. Kinda brilliant if it works. Wouldn't work in the US, unfortunately.
It's the same thing Brazil did.
He's rich enough that he's kind of a parent corporation by himself, so:
X was previously accused of violating the Digital Services Act (DSA), which could result in fines of up to 6 percent of total worldwide annual turnover. That fine would be levied on the "provider" of X, which could be defined to include other Musk-led firms.
But yeah, American law has been limited so the buck stops at the company which declares bankruptcy and the money starts a new company.
Not everyone else system is as shitty
so important to realize this. laws are just what this group of people said. another group of people say they're this. in the end, what they do is all that matters. it's almost like you could just skip them, grab him by the collar, and shake him down to the tune of 'whatever it takes to make you sit down, shut up, and stop your BS'.
view more: next ›