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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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[–] 30 points 6 months ago (6 children)

It should be % based of his income. Otherwise it’s not a punishment 

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

    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.

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  • [–] 2 points 6 months ago*

    Is this your first time in capitalism? That's how every fine works. There are no punishments for the privileged.

    The president is a pedophile who has been prosecuted for like 30 felonies. They're not fining the creep at all. That's reality.

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