735
you are viewing a single comment's thread
view the rest of the comments
[-] gdog05@lemmy.world 63 points 2 days ago

It's worked for their channel so far.

[-] cannedtuna@lemmy.world 58 points 2 days ago* (last edited 2 days ago)

Except they’ve misled investors, and that will get them into deep shit.

Because fuck consumers

Mislead consumers, FTC sleeps

Mislead investors…

[-] boonhet@sopuli.xyz 30 points 2 days ago

What FTC lmao, they're a Finnish company registered in Estonia. Billionaires don't get fast tracked court cases here. They'll move to some other country long before anything happens.

[-] cannedtuna@lemmy.world 9 points 2 days ago

My mistake. I forgot other countries exist.

But yeah I dropped that key point I guess between finishing the article and commenting.

[-] jaybone@lemmy.zip 2 points 2 days ago

Wouldn’t those countries have more strict regulations than the US? Maybe Finland more than Estonia?

[-] boonhet@sopuli.xyz 4 points 2 days ago

Courts move at snails pace usually. Years for such a thing in Estonia at least. Have to prove fraud and all that.

For debts it's possible to accelerate things, but the key here is that Donut Labs is the debtor, not Mark. He himself will only be liable when fraud is proven.

[-] Frozengyro@lemmy.world 11 points 2 days ago

Ftfy

Because fuck consumers

Mislead consumers, FTC sleeps

Mislead investors…

Also they just need to make a little donation and I'm sure they will be pardoned.

[-] boonhet@sopuli.xyz 11 points 2 days ago

Pardoned by whom? We don't have presidential pardons in the countries they're operating out of.

[-] Blackmist@feddit.uk 6 points 2 days ago

You only get in trouble if you mislead rich investors.

If you mislead poor investors, then that's just business and they should have known better.

[-] RustyEarthfire@lemmy.world 3 points 1 day ago

That's why ~Everything is Securities Fraud~

this post was submitted on 09 Jun 2026
735 points (99.5% liked)

Technology

85333 readers
4054 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 3 years ago
MODERATORS