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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[–] brownsugga@lemmy.world 1 points 5 minutes ago

Oh No, point 2 % of his net worth

0.2%

literally less than a traffic ticket in terms of scale

[–] quarkquasar@lemmy.world 1 points 11 minutes ago

He must pay a pittance, to be paid in 20 equal installments of one-twentieth of a pittance each.

[–] ZILtoid1991@lemmy.world 16 points 17 hours ago

Drop in a bucket. He should be fined of the money he paid to buy Twitter.

[–] anotherspinelessdem@lemmy.ml 12 points 18 hours ago

Cool, so when this reaches Appeals court (which is where it's absolutely going next because they'll definitely appeal it), that 2.1B$ fine will get knocked down to 10$ and a blowjob (for Elon).

But hey, the Washington Post or whatever can get a nice little headline out of it where they pretend billionaires face any sort of punishment in this Capitalist hellscape for 5 seconds so that's nice.

[–] mechoman444@lemmy.world 53 points 1 day ago* (last edited 1 day ago) (5 children)

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%.

[–] technocrit@lemmy.dbzer0.com 1 points 27 minutes ago

What really needs to be done is they need to charge a percentage of his profits. Say 20 to 30%.

Lol. That's not how the state serves capitalism. Fixed fines!!! Gotta put the burden the poor every time.

[–] Quill7513@slrpnk.net 6 points 20 hours ago

Antonin Scalea capped punative damages

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[–] CovfefeKills@lemmy.world 29 points 1 day ago

That is the price of new phone for him compared to us...

[–] Triumph@fedia.io 242 points 1 day ago (20 children)

If the punishment is a fine, it's only illegal for poor people.

The only war is class war.

[–] cannedtuna@lemmy.world 106 points 1 day ago (5 children)

Considering he’s made $400B since acquiring Twitter, this was just a minor cost of doing business.

[–] oyo@lemmy.zip 1 points 17 minutes ago

And there is almost zero chance he actually pays this. If anything, it will be a fraction of the amount in 20 years after he exhausts appeals and pushes deadlines to the max.

[–] kautau@lemmy.world 56 points 1 day ago (5 children)
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[–] LedgeDrop@lemmy.zip 15 points 1 day ago (8 children)

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?!?

[–] technocrit@lemmy.dbzer0.com 1 points 25 minutes ago

Serious question: How?

He didn't actually "make" any money. He just stole it from workers, humanity, the planet, etc.

[–] halcyoncmdr@piefed.social 27 points 1 day ago* (last edited 1 day ago) (2 children)

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. But that was clearly an overvalued sale. Just look at the valuation over time.

And that's just raw valuation which is easily manipulated, not revenue or profit, which can be easily manipulated.

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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 🙄🤮.

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[–] MrSulu@lemmy.ml 73 points 1 day ago (2 children)

For the rest of us, there would be a seizure of assets and a prison term.

[–] HertzDentalBar@lemmy.blahaj.zone 2 points 17 hours ago

Basically, and it's not even like this is a corporation that has some level of money machine go burr, it's straight up one man who did this and is responsible it should be cut and dry and he should be spending the next few decades in prison.

[–] CaliforniaSober@lemmy.ca 7 points 1 day ago* (last edited 1 day ago)

God bless Willie Nelson…

[–] GreenBeanMachine@lemmy.world 22 points 1 day ago* (last edited 1 day ago) (2 children)
[–] Etterra@discuss.online 14 points 1 day ago (1 children)

That's assuming they can even get him to pay it.

[–] TronBronson@lemmy.world 4 points 1 day ago

Ya for about 10% of that cost the lawyers will keep working hard to contest.

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[–] Mulligrubs@lemmy.world 104 points 1 day ago (1 children)

So that's like me paying a $20 fine. GOOD JOB

[–] frongt@lemmy.zip 52 points 1 day ago (1 children)

Except he almost certainly won't be paying anywhere near that amount, if anything.

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[–] WanderWisley@lemmy.world 45 points 1 day ago (1 children)

Spoiler alert: he won’t pay or admit any wrongdoing.

[–] SocialMediaRefugee@lemmy.world 20 points 1 day ago (1 children)

admit any wrongdoing.

So, the Trump school of leadership.

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[–] rogsson@piefed.social 28 points 1 day ago (5 children)

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

[–] technocrit@lemmy.dbzer0.com 1 points 23 minutes ago* (last edited 23 minutes 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 15 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 1 points 17 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.

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[–] SethTaylor@lemmy.world 6 points 1 day ago

He'll have it back in a month...

[–] Insekticus@aussie.zone 52 points 1 day ago

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.

[–] 13igTyme@piefed.social 13 points 1 day ago* (last edited 1 day ago) (1 children)

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.

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[–] wonderingwanderer@sopuli.xyz 7 points 1 day ago

They should repossess it and place it in the hands of a responsible steward...

[–] minorkeys@lemmy.world 28 points 1 day ago (1 children)

He's made billions more after and because of it so he doesn't give a shit about a meaningless, billion dollar fine.

[–] blady_blah@lemmy.world 13 points 1 day ago (3 children)

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.

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[–] 1984@lemmy.today 16 points 1 day ago

So the public paid to see another billionaire do things nobody else can do and get away with it. Nice.

[–] stephen@lazysoci.al 38 points 1 day ago (2 children)

I wish “massive white color crime” for the expediency that a “Black dude swelling a bit of weed” got.

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