this post was submitted on 21 Mar 2026
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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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[–] Ulrich@feddit.org 4 points 17 hours ago (2 children)

Not necessarily, the fine just needs to be a sufficient size.

[–] Triumph@fedia.io 8 points 16 hours ago (2 children)
[–] Ulrich@feddit.org 1 points 9 hours ago

"Wake me" when anything at all happens...? The point is, they have the power.

[–] bobs_monkey@lemmy.zip 4 points 14 hours ago

Sanka, ya dead?

[–] muusemuuse@sh.itjust.works 4 points 17 hours ago (2 children)

Fines are not assessed that way.

[–] then_three_more@lemmy.world 1 points 14 hours ago (2 children)

Some are, but they often have maximum caps.

So for a UK speeding fine he'd get a £1000, but if it's wasn't capped it would be somewhere in the region of 340 million.

Your Speeding Offence Details

Speed Limit: 30 mph Recorded Speed: 35 mph Excess Speed: 5 mph Offence Band: A Road Type: Standard Road What This Means For You

Your offence falls into Band A, which carries a fine of 50% of your weekly income. Based on your weekly income of £640,000,000, your calculated fine is £320,000,000. This has been capped at the maximum of £1000 for standard road offences.

[–] IsoKiero@sopuli.xyz 2 points 10 hours ago

Finland has similar thing, but it is not capped. There's a ton of 100 000+€ fines given around here. Obviously with Musk it would be a bit different, since the fine is based on actual income, not some imaginary monopoly money on the stock market.

[–] yakko@feddit.uk 2 points 13 hours ago (1 children)

Why would any such fines be capped, unless the entire point is to effectively legalise crime for the ultra rich?

[–] Tanoh@lemmy.world 2 points 13 hours ago (1 children)
[–] yakko@feddit.uk 1 points 12 hours ago

More chagrined than anything else. Having dual citizenship with US and UK is like having one foot in the grave and another foot in the toilet sometimes.

[–] Ulrich@feddit.org -4 points 17 hours ago (2 children)
[–] slevinkelevra@sh.itjust.works 3 points 16 hours ago (2 children)

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 1 points 48 minutes ago* (last edited 47 minutes 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.

[–] muusemuuse@sh.itjust.works 0 points 15 hours ago (1 children)

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

[–] Ulrich@feddit.org 0 points 9 hours ago* (last edited 7 hours ago)

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