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.
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
Best find a different ATM.
I don’t know, 0.5% isn’t a bad rate…
Hmm, maybe in the US. It is a very strange place after all.
Where do you live where ATM rates are less than .5%?
By the way, using an ATM from the same bank as your card doesn’t count, because that’s usually free.
I don’t think I’ve ever been charged a fee in Britain. You just use whatever machines are about.
You just haven’t noticed that it charges a fee every time
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
Ahh, okay. I understand. Thank you for the clarification.
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.
Actually worst than imaginable if you delve deep the psychology of the rich is akin to tumour development. Never forget these rich fuckheads would bet over your misery like a game.
He didn’t actually “make” any money. He just stole it from workers, humanity, the planet, etc.
And there is almost zero chance he actually pays this. If anything, it will be a fraction of the amount in 20 years after he exhausts appeals and pushes deadlines to the max.
I could change the world for the better with this sum. Hell, even with the fee. Oh well, I’m sure it’s best that he has that money 🙄🤮.
Removed by mod