839
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 17 Oct 2024
839 points (97.9% liked)
Technology
60108 readers
2479 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 2 years ago
MODERATORS
As much as I hate musk, I don't think this is correct, or even legal..?
He's free to leave the EU at anytime. They are allowed to create appropriate punishments to deter further misuse. They are saying here that they need to be able to punish more to deter him, as he's an asshole who says fuck you to everyone.
legality i don't know, but guess who has an infinite supply of lawyers? Musk was able to secure loans for his Twitter misadventure based on all his other shit. Everything he does is entangled with his other stuff. The Hyperloop? lies.
he's the one whose blurred the lines between the businesses.
taking funds from one to pay for the other regularly.
I'd say the EU has every right to do it this way.
Corporations do this regularly. Using funds from one branch of their business to prop up others. That's neither new or illegal in the EU.
you're right, it's not. but when legally attempting to distinguish where one company ends and the other begins, it's up to the court to judge based on liquidity between the two.
if you run company A B and C and have money flowing from A to C and C to B and B to A, the feds might think you're laundering money.
While I have no idea about legality, it is quite obvious that X/Twitter is not really run as a company run as a public communications platform, but rather as a fever dream of Musk.
Especially the Eli Lily Co. disaster should've been a wake up call for X of how much harm the fake checkmarks can bring, yet nothing was done. Most likely because Elon Musk didn't care. He basically runs it like it's how little service that he fully owns and controls with full disregard to anything but his own vision.
Therefore including his other businesses makes sense, as the fine that is only based on X's income would probably be negligible in his opinion, as he runs it on a loss anyways. Only bigger fines would actually have any effect in my opinion.
I still can't believe nothing substantive came of that.
It was incredibly harmful to the reputation and stock value of multiple pharmaceutical companies as well as Twitter. And then the greedy pharma assholes had to publicly announce they were still price-gauging people for life-sustaining medicine, making the reputational damage even worse.
That very much reads like "the ends justifies the means" logic. If a fine isn't likely to change behavior, they should just block the platform.
Wven better, do like brazil; block and fine
Who cares about legal if it hurts republicans?