Submitted 6 hours ago by Beep@lemmus.org to technology@lemmy.world
https://text.npr.org/2026/03/20/g-s1-114660/elon-musk-misled-investors-twitter-purchase
A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter’s stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations, finding that he did not “scheme” to mislead investors.
It should be % based of his income. Otherwise it’s not a punishment
So the public paid to see another billionaire do things nobody else can do and get away with it. Nice.
Spoiler alert: he won’t pay or admit any wrongdoing.
admit any wrongdoing.
So, the Trump school of leadership.
This has really spread these days, including living in filter bubbles.
So that’s like me paying a $20 fine. GOOD JOB
Except he almost certainly won’t be paying anywhere near that amount, if anything.
Right, he’s just not gonna pay. It’s not like they’re gonna go get the money from his bank account. Can you imagine Elon Musk being garnished? Never gonna happen
He’s made billions more after and because of it so he doesn’t give a shit about a meaningless, billion dollar fine.
It’s an ego thing, he’ll hire a bunch of really expensive lawyers and drag it out as long as he can. This is what the rich do.
if you drag it out, a billion dollar fine becomes a million real fast
I think he can cut you a check for that in the court room.
He’ll pay it, then make it back by lunch.
And now the people he owes will never be broke. They’ll always have that money coming “some day”.
Hope the Saudi’s treat a fraudster as harshly as a journalist
Can’t wait to see how the system fails to make him account for this, again.
Whatev.
HAH.
MrSulu@lemmy.ml 1 hour ago
For the rest of us, there would be a seizure of assets and a prison term.