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.

    • slevinkelevra@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      7
      arrow-down
      1
      ·
      2 days ago

      Disclaimer: I know you’re probably only trolling, but I’ll answer anyway:

      …not assessed in a way to be of sufficient size to not just be considered a cost of doing business. In other words, pricey enough to take away the incentive to not only take away the profit but to also deal a significant blow to the wealth of the richest person on earth.

      • Ulrich@feddit.org
        link
        fedilink
        English
        arrow-up
        1
        ·
        edit-2
        2 days ago

        Believe it or not, everyone who you disagree with or misunderstand is not “trolling”.

        There is no reason they couldn’t assess fines a different way…

        Certainly the fines were sufficiently sized in the 90s era when they dropped the hammer on Microsoft.

      • Ulrich@feddit.org
        link
        fedilink
        English
        arrow-up
        1
        arrow-down
        1
        ·
        edit-2
        2 days ago

        Just because they’re currently assessed that way doesn’t mean they can’t be assessed a different way…

          • Ulrich@feddit.org
            link
            fedilink
            English
            arrow-up
            1
            ·
            2 days ago

            I don’t understand what your point is. No one is saying it’s going to happen tomorrow. The point is that fines themselves aren’t the problem. The problem is corruption and cronyism. Fines are totally effective when implemented properly.