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this post was submitted on 16 Oct 2023
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$380k (US dollars) is nothing more than a slap on the wrist for Musk. Fines need to be higher and continuous to make a lasting impact on him, users, and advertisers.
Not sure about that, there's not exactly a lot of money flowing into the company since nobody's paying for Twitter blue, and he's only attracting the lowest rung of advertisers (drop shipping and crypto scams, essentially), and loans have become expensive.
The EU is also on a similar path, and their fines are actually denominated in percentages of revenue.
It's 600k AUD.
If he doesn't pay it +within the 30 days?), then the enforcement of the fine can be up to $780k AUD per day, from the day the fine was issued.
What's the bet he finds out?
If they fine him as much as you say every day for 243 years, it will just about equal the amount Muskrat paid for Twitter. I don't think he's worried.