If the punishment is a fine, it's only illegal for poor people.
The only war is class war.
This is a most excellent place for technology news and articles.
If the punishment is a fine, it's only illegal for poor people.
The only war is class war.
Considering he’s made $400B since acquiring Twitter, this was just a minor cost of doing business.
This is an ATM fee
Considering he’s made $400B since acquiring Twitter...
Serious question: How?
AFAIK, Twitter wasn't terribly profitable before they sold to Musk. Then after he purchased it, the enshittification accelerated.
How on earth does this result in $400 Billions in profit?!?
He made $400B, not Twitter. That's almost entirely from Tesla and other ventures, not Twitter.
Last I've been able to find Twitter was valued at $33B when xAI bought it. But that was clearly an overvalued sale. Just look at the valuation over time.

And that's just raw valuation which is easily manipulated, not revenue or profit, which can be easily manipulated.
that is the worst chart
It's not real money, and Musk isn't the richest person in truth, not by a long shot. This is theoretical money based on overpriced companies that are propped up by what I suspect are some rather shady practices and investors using it as a casino stock.
The money doesn't have to be real for Elon to be able to use his stock as collateral for billion dollar loans. So he in fact has real money, that banks gave him, and that he will never pay back.
Not necessarily, the fine just needs to be a sufficient size.
Fines are not assessed that way.
Some are, but they often have maximum caps.
So for a UK speeding fine he'd get a £1000, but if it's wasn't capped it would be somewhere in the region of 340 million.
Your Speeding Offence Details
Speed Limit: 30 mph Recorded Speed: 35 mph Excess Speed: 5 mph Offence Band: A Road Type: Standard Road What This Means For You
Your offence falls into Band A, which carries a fine of 50% of your weekly income. Based on your weekly income of £640,000,000, your calculated fine is £320,000,000. This has been capped at the maximum of £1000 for standard road offences.
Why would any such fines be capped, unless the entire point is to effectively legalise crime for the ultra rich?
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
I don't understand why these courts charge a set fine for stuff like this. This is clearly an extremely unique case. The man is 20% shy of being a trillionaire.
What really needs to be done is they need to charge a percentage of his profits. Say 20 to 30%.
Antonin Scalea capped punative damages
That's a fine of $2 out of a total of $800.
I'd speed past cameras if I was running late, and that was the fine.
Spoiler alert: he won’t pay or admit any wrongdoing.
I wish “massive white color crime” for the expediency that a “Black dude swelling a bit of weed” got.
That is the price of new phone for him compared to us...
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
It should be % based of his income. Otherwise it’s not a punishment
This does not work because he will find a way to have 0 income (legally). I don't know how we can make the billionaires pay, but we should tax the assets not the incomes.
That's it, again?
JAIL TIME!
If I steal a bread to feed my hungry children I'll go to jail, but this guy ficks around with billions and all he gets is a tiny slap on his fingers?
Drop in a bucket. He should be fined of the money he paid to buy Twitter.
So the public paid to see another billionaire do things nobody else can do and get away with it. Nice.
Oh No, point 2 % of his net worth
0.2%
literally less than a traffic ticket in terms of scale
I mean I dislike the guy as much as you, but almost all of his “wealth” is paper wealth. He may very well not be able to liquidate 2% of his wealth (fine with me).
He doesn't have to liquidate shit, none of them do. They borrow against their holdings.
Point is that if I commit fraud or steal anything over 10 dollars I might go to jail
This guy lies steals and cheats by the billions and he gets a hug
Jail the motherfucker already
I wasn't invested in Twitter, but when I heard he was trying to get out of it I bought some stock. I knew he couldn't get out of the deal because it doesn't work like that and he's a dumb ass.
My only regret was not buying more. Thanks for the money, idiot.
I think he can cut you a check for that in the court room.
He'll have it back in a month...
They should repossess it and place it in the hands of a responsible steward...
Hope the Saudis treat a fraudster as harshly as a journalist
He must pay a pittance, to be paid in 20 equal installments of one-twentieth of a pittance each.