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Elon Musk to Owe Estimated $2.1 Billion After Jury Finds He Misled Twitter Investors Before 2022 Buyout (text.npr.org)
submitted 6 months ago* (last edited 6 months ago) by to c/technology@lemmy.world
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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.

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[–] 1 point 6 months ago (3 children)

Percentage of profit accrued from the offense. They are static values.

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  • [–] 0 points 6 months ago* (last edited 6 months ago) (2 children)

    Just because they're currently assessed that way doesn't mean they can't be assessed a different way...

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  • [–] 0 points 6 months ago (1 child)

    The class the class that writes laws have decided they don’t want that.

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  • [–] 1 point 6 months 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.

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