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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[–] rogsson@piefed.social 29 points 1 day ago (5 children)

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

[–] technocrit@lemmy.dbzer0.com 2 points 2 hours ago* (last edited 2 hours 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.

[–] yabbadabaddon@lemmy.zip 16 points 1 day ago (1 children)

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.

[–] HertzDentalBar@lemmy.blahaj.zone 2 points 19 hours ago

A gun works pretty good, or maybe something like Logan's run but instead of it being age based it's wealth based.

[–] BarneyPiccolo@lemmy.today 3 points 1 day ago

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

[–] TronBronson@lemmy.world 3 points 1 day 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.

[–] MonkderVierte@lemmy.zip 3 points 1 day ago* (last edited 1 day ago)

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