WOW. That's interesting. Kinda brilliant if it works. Wouldn't work in the US, unfortunately.
this post was submitted on 17 Oct 2024
840 points (97.9% liked)
Technology
59288 readers
5438 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
It's the same thing Brazil did.
He's rich enough that he's kind of a parent corporation by himself, so:
X was previously accused of violating the Digital Services Act (DSA), which could result in fines of up to 6 percent of total worldwide annual turnover. That fine would be levied on the "provider" of X, which could be defined to include other Musk-led firms.
But yeah, American law has been limited so the buck stops at the company which declares bankruptcy and the money starts a new company.
Not everyone else system is as shitty
fine the fucker for 20% of his net "worth", that should give him some pause
load more comments
(20 replies)
Do it. The crimes are almost entirely by him personally, and had unprecedented damage. He should be responsible with all his money - a Twitter-sized blow would be a slap on the wrist as the platform is worth just $5B or thereabouts.
Less considering more doing
How about making them such a high percentage that it would genuinely impact their bottom line and not a measly amount calculated as "cost of doing business"
4% of gross revenue is not a negligible amount. For no company.
Probably, but it would depend on how much gross revenue they make on said practice, and how often they get a fine.
load more comments
(1 replies)
That would be extra funny, considering at least some motivation behind his initially bidding on Twitter, was to cash out his absurdly overvalued Tesla stock, without causing it to crash.
Clearly he signed that initial Delaware contract while he was still riding high on mania, but still, his desire to convert his overpriced Tesla stock played no small part. The remaining rationale was mostly drug-induced psychosis, but I digress.
So, calculating fines based on his overpriced assets, forcing him to sell off a bunch of those shitty assets, and risking their price falling closer to their true worth, would be hilarious.
It's also why I am skeptical that they'll do it, or at least I'm skeptical they'll do it in a way that would trigger a domino effect, or market contagion.
It's finally time to hold the people hiding behind the companies accountable!!
woohoo!
break his ability to finance the orange felon
DO IT!
Do it if you're bad
view more: next ›