this post was submitted on 21 Mar 2026
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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 17 hours ago* (last edited 17 hours ago) by Beep@lemmus.org 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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[–] rogsson@piefed.social 10 points 11 hours ago (4 children)

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

[–] BarneyPiccolo@lemmy.today 3 points 4 hours ago

How much as he made from his Twitter deal? He made it illegally, confiscate it all.

[–] TronBronson@lemmy.world 2 points 5 hours ago

That’s the problem with Mr. musketeer he doesn’t actually show income. That’s why we’re always complaining about how billionaires don’t pay income tax.

[–] yabbadabaddon@lemmy.zip 7 points 8 hours ago

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.

[–] MonkderVierte@lemmy.zip 3 points 7 hours ago* (last edited 2 hours ago)

It should be the amount he made from it + a fine. It's how the middle class gets handled.