it’s still Twitter
Just think, this brilliant mind could soon be administrating vast swaths of the US government!
Lol, Elon Musk thinks that the USA justice system runs on crack so the World justice system must too. 🤣🤣
I doubt Musk even knows about this case. X has lawyers for this type of pedestrian issues, and they come up with defense strategy.
$400,000 isn’t even that much for a company like this, it might’ve cost that much just trying to fight this.
Twitter’s revenue has cratered hard, and because its privately owned, every dollar Twitter loses is a dollar that Elon has to come up with.
Because his wealth is entirely in overinflated Tesla stock, and because he’s already massively overleveraged from buying Twitter, coming up with that money means selling Tesla stock, and because the Tesla stock price is based on dreams and unicorn farts any amount he sells tends to sink the price.
This means that for Elon to cover $400,000, that could easily lose him tens of millions in net worth. And there’s no telling when the Tesla stock price will just collapse entirely as investors finally start valuing it like a car manufacturer, and not like kind of predestined savior of the human race (for context, Tesla in its entirety is currently valued at $800bn. Ford is currently valued at $40bn. And Ford sell a LOT more cars than Tesla).
So far, 27,000ish Cybertrucks sold ever. In comparison, 127,500ish Broncos sold this year so far. Hmmmmmm.
Exactly. Right now Tesla are being priced like they’re the next Amazon, but this is largely on the belief that they’ll somehow end up licensing self driving software to every company in the world that deals in transit or transport. It’s a total fantasy. While Tesla does have some competitive advantages (such as owning the accepted standard for EV charging) they’re not worth anywhere close to what their stock price says. At this point they’re basically turning into a new South Seas Company.
The fine increases for every day they don’t comply.
The fine was issued last October, though I’m unsure if legal proceedings put a halt to the counter
Transphobe mad about people deadnaming his company
hello guys i’ve recently changed my name, why should i be responsible for the 400.000$ debt related to my old name? The name doesn’t relate to me anymore.
Musk giving off sovereign citizen vibes.
The social security card says it was issued to “ELON MUSK” but my name is “Elon Musk”. Direct all these supposedly mine tax bills to “ELON MUSK” and leave me alone.
Did you sign your new name at 45 degrees in red ink?
As long as twitter.com redirects to X, it’s officially still called Twitter, I don’t care what Elmo says
Wouldn’t the business license say still be for Twitter, with a DBA “X”?
Is this “gotta try anything instead of submission” thing or just “new level of stupid” thing?
Was there actually some hope for this to work or was this just something the man baby cooked up and his layers just thought “fuck it, I’m getting paid for this and he won’t listen anyway”.
Arthur Fleck isn’t quilty, it’s the Joker who did it
I don’t get why twitter wouldn’t just comply & implement measures the moment it knew it’s platform was being used to distribute CSAM.
The fines are no doubt cheaper than actually doing something about it. Plus if they do something and are even moderately successful then he’d have less of an excuse for doing nothing about Russian disinformation and other bullshit.
I do. I know why.
Because they care about money, not harming children. This is why we live in a world where there isn’t enough effort put into keeping children safe by rich people, because they prefer money to chlidren.
Money.
It would cost money.
Sometimes I’m perplexed how someone can be so smart and immensely stupid at the same time.
Dude became one of (if not the most) richest person in the world and yet his attitude, behavior and speech are immensely stupid.
When has he ever been “so smart”?
Dude used his dads wealth to buy a founders role in a company.
He really is/was smart about some things - marketing and self-promotion. He started with millions and ended up with hundreds of billions, all thanks to his marketing skills, and knowing how to be in the right place at the right time.
Being good at one thing doesn’t automatically mean he’s good at other things - like running a company, or being an engineer as he likes to imagine himself."Because his wealth is entirely in overinflated Tesla stock, and because he’s already massively overleveraged from buying Twitter, coming up with that money means selling Tesla stock, and because the Tesla stock price is based on dreams and unicorn farts any amount he sells tends to sink the price.
And there’s no telling when the Tesla stock price will just collapse entirely as investors finally start valuing it like a car manufacturer, and not like kind of predestined savior of the human race (for context, Tesla in its entirety is currently valued at $800bn. Ford is currently valued at $40bn. And Ford sell a LOT more cars than Tesla)."
This is a quote from the comment above. What he’s “smart” about is being a conman. Which doesn’t really take intelligence. It just takes some trial and error and enough money starting out to make mistakes.
Honestly, it’s not that hard to make a truckload of money if you start off with a busload of money (in this analogy, the truck’s bigger). Capitalism is pretty much built to ensure that the rich will either stay rich or get richer unless they’re completely irresponsible with said riches.
And paying attention to trends isn’t a stroke of genius, either. As for marketing, the ‘fresh rebel tech magnate’ turned out to be just a shitposter without the proper context in which to “shine,” nothing more.
If we can spot these trends while working 9-5, then an idiot can probably spot them if they spend 40 hours a week on it.
