• fluxion@lemmy.world
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    4 hours ago

    Just think, this brilliant mind could soon be administrating vast swaths of the US government!

  • HeIsHarsh@lemmy.world
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    5 hours ago

    Lol, Elon Musk thinks that the USA justice system runs on crack so the World justice system must too. 🤣🤣

    • magikmw@lemm.ee
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      16 minutes ago

      I doubt Musk even knows about this case. X has lawyers for this type of pedestrian issues, and they come up with defense strategy.

  • twinnie@feddit.uk
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    7 hours ago

    $400,000 isn’t even that much for a company like this, it might’ve cost that much just trying to fight this.

    • Voroxpete@sh.itjust.works
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      6 hours ago

      Twitter’s revenue has cratered hard, and because its privately owned, every dollar Twitter loses is a dollar that Elon has to come up with.

      Because his wealth is entirely in overinflated Tesla stock, and because he’s already massively overleveraged from buying Twitter, coming up with that money means selling Tesla stock, and because the Tesla stock price is based on dreams and unicorn farts any amount he sells tends to sink the price.

      This means that for Elon to cover $400,000, that could easily lose him tens of millions in net worth. And there’s no telling when the Tesla stock price will just collapse entirely as investors finally start valuing it like a car manufacturer, and not like kind of predestined savior of the human race (for context, Tesla in its entirety is currently valued at $800bn. Ford is currently valued at $40bn. And Ford sell a LOT more cars than Tesla).

        • Voroxpete@sh.itjust.works
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          1 hour ago

          Exactly. Right now Tesla are being priced like they’re the next Amazon, but this is largely on the belief that they’ll somehow end up licensing self driving software to every company in the world that deals in transit or transport. It’s a total fantasy. While Tesla does have some competitive advantages (such as owning the accepted standard for EV charging) they’re not worth anywhere close to what their stock price says. At this point they’re basically turning into a new South Seas Company.

    • Hotdog Salesman@programming.dev
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      6 hours ago

      The fine increases for every day they don’t comply.

      The fine was issued last October, though I’m unsure if legal proceedings put a halt to the counter

  • CaptainBasculin@lemmy.ml
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    8 hours ago

    hello guys i’ve recently changed my name, why should i be responsible for the 400.000$ debt related to my old name? The name doesn’t relate to me anymore.

    • Prox@lemmy.world
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      4 hours ago

      Wouldn’t the business license say still be for Twitter, with a DBA “X”?

  • Random_Character_A@lemmy.world
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    8 hours ago

    Is this “gotta try anything instead of submission” thing or just “new level of stupid” thing?

    Was there actually some hope for this to work or was this just something the man baby cooked up and his layers just thought “fuck it, I’m getting paid for this and he won’t listen anyway”.

  • NocturnalEngineer@lemmy.world
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    8 hours ago

    I don’t get why twitter wouldn’t just comply & implement measures the moment it knew it’s platform was being used to distribute CSAM.

    • Llamatron@lemmy.world
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      8 hours ago

      The fines are no doubt cheaper than actually doing something about it. Plus if they do something and are even moderately successful then he’d have less of an excuse for doing nothing about Russian disinformation and other bullshit.

    • Samvega@lemmy.blahaj.zone
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      7 hours ago

      Because they care about money, not harming children. This is why we live in a world where there isn’t enough effort put into keeping children safe by rich people, because they prefer money to chlidren.