That is the price of new phone for him compared to us...
this post was submitted on 21 Mar 2026
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I don't understand why these courts charge a set fine for stuff like this. This is clearly an extremely unique case. The man is 20% shy of being a trillionaire.
What really needs to be done is they need to charge a percentage of his profits. Say 20 to 30%.
Because that's the law.
… and the billionaires draft the laws.
He'll have it back in a month...
They should repossess it and place it in the hands of a responsible steward...
Lose change amount
I don't know how much he has liquid. The article says that "most" of his 814B is tied up in Tesla stock. Selling a couple of billion worth of stock isn't trivial.
That's assuming they can even get him to pay it.
Ya for about 10% of that cost the lawyers will keep working hard to contest.
For the rest of us, there would be a seizure of assets and a prison term.
God bless Willy Nelson…
I wasn't invested in Twitter, but when I heard he was trying to get out of it I bought some stock. I knew he couldn't get out of the deal because it doesn't work like that and he's a dumb ass.
My only regret was not buying more. Thanks for the money, idiot.
Next time please also let me know I should do that
It should be % based of his income. Otherwise it’s not a punishment
How much as he made from his Twitter deal? He made it illegally, confiscate it all.
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.
It should be the amount he made from it + a fine. It's how the middle class gets handled.
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.
If the punishment is a fine, it's only illegal for poor people.
The only war is class war.
Considering he’s made $400B since acquiring Twitter, this was just a minor cost of doing business.
I could change the world for the better with this sum. Hell, even with the fee. Oh well, I'm sure it's best that he has that money 🙄🤮.
This is an ATM fee
Best find a different ATM.
I don't know, 0.5% isn't a bad rate...
Considering he’s made $400B since acquiring Twitter...
Serious question: How?
AFAIK, Twitter wasn't terribly profitable before they sold to Musk. Then after he purchased it, the enshittification accelerated.
How on earth does this result in $400 Billions in profit?!?
He made $400B, not Twitter. That's almost entirely from Tesla and other ventures, not Twitter.
Last I've been able to find Twitter was valued at $33B when xAI bought it.
And that's just raw valuation which is easily manipulated, not revenue or profit, which can be easily manipulated.
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It's not real money, and Musk isn't the richest person in truth, not by a long shot. This is theoretical money based on overpriced companies that are propped up by what I suspect are some rather shady practices and investors using it as a casino stock.
The money doesn't have to be real for Elon to be able to use his stock as collateral for billion dollar loans. So he in fact has real money, that banks gave him, and that he will never pay back.
While true, a recession will change things.
It will only restrict his ability to get new loans, and make his collaterals worthless. But he probably spent most of the money they gave him, and like with twitter, he shifted the assets around in his network of companies, like a thimblerigger.
But that's kind of like saying that inflation will make the rich poor, which is also not true.
Actually worst than imaginable if you delve deep the psychology of the rich is akin to tumour development. Never forget these rich fuckheads would bet over your misery like a game.
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Spoiler alert: he won’t pay or admit any wrongdoing.
So the public paid to see another billionaire do things nobody else can do and get away with it. Nice.
So that's like me paying a $20 fine. GOOD JOB
Except he almost certainly won't be paying anywhere near that amount, if anything.
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That's a fine of $2 out of a total of $800.
I'd speed past cameras if I was running late, and that was the fine.
He's made billions more after and because of it so he doesn't give a shit about a meaningless, billion dollar fine.
It's an ego thing, he'll hire a bunch of really expensive lawyers and drag it out as long as he can. This is what the rich do.
That's a power thing. Avoiding accountability to the rule of law.
I wish “massive white color crime” for the expediency that a “Black dude swelling a bit of weed” got.
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I think he can cut you a check for that in the court room.
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