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 1 day ago* (last edited 1 day ago) by Beep@lemmus.org to c/technology@lemmy.world
107 comments fedilink hide all child comments
 

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 0 points 1 day ago* (last edited 1 day ago) (1 children)

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

[–] muusemuuse@sh.itjust.works 0 points 23 hours ago (1 children)

The class the class that writes laws have decided they don’t want that.

[–] Ulrich@feddit.org 1 points 23 hours ago

I don't understand what your point is. No one is saying it's going to happen tomorrow. The point is that fines themselves aren't the problem. The problem is corruption and cronyism. Fines are totally effective when implemented properly.