Oh No, point 2 % of his net worth
0.2%
literally less than a traffic ticket in terms of scale
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Oh No, point 2 % of his net worth
0.2%
literally less than a traffic ticket in terms of scale
He must pay a pittance, to be paid in 20 equal installments of one-twentieth of a pittance each.
Drop in a bucket. He should be fined of the money he paid to buy Twitter.
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.
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%.
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.
Antonin Scalea capped punative damages
That is the price of new phone for him compared to us...
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.
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.
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?!?
Serious question: How?
He didn't actually "make" any money. He just stole it from workers, humanity, the planet, etc.
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.
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 🙄🤮.
For the rest of us, there would be a seizure of assets and a prison term.
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.
God bless Willie Nelson…
Loose change amount
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.
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.
Spoiler alert: he won’t pay or admit any wrongdoing.
It should be % based of his income. Otherwise it’s not a punishment
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.
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.
A gun works pretty good, or maybe something like Logan's run but instead of it being age based it's wealth based.
How much as he made from his Twitter deal? He made it illegally, confiscate it all.
He'll have it back in a month...
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.
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.
They should repossess it and place it in the hands of a responsible steward...
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.
So the public paid to see another billionaire do things nobody else can do and get away with it. Nice.
I wish “massive white color crime” for the expediency that a “Black dude swelling a bit of weed” got.