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Twitter held in contempt, fined $350K over Trump data delay
(arstechnica.com)
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this post was submitted on 09 Aug 2023
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That's like fining you or I a penny. It's so ridiculously inconsequential to Musk.
If he'd held out one more day it would have been 700k. 2 more days, 1.4M. 3 more, 2.8M.
i.e. Musk caved before it became consequential.
1.4B if he'd waited 2 weeks more. 23.4T (that's Trillion) if he wanted to shield Trump for a month. I'd say it was a heavy fine that worked as intended.
Someone check my math.
I checked your math. It's pretty terrible, my friend.
Ok. And.....
Correct it or stfu.
Corrected math, between day 1 and day 30 (if someone knows how to make a table easily in a lemmy comment please enlighten me ):
1 $50,00 2 $150,00 3 $350,00 4 $750,00 5 $1.550,00 6 $3.150,00 7 $6.350,00 8 $12.750,00 9 $25.550,00 10 $51.150,00 11 $102.350,00 12 $102.350,00 13 $204.750,00 14 $409.550,00 15 $819.150,00 16 $1.638.350,00 17 $3.276.750,00 18 $6.553.550,00 19 $13.107.150,00 20 $26.214.350,00 21 $52.428.750,00 22 $104.857.550,00 23 $209.715.150,00 24 $419.430.350,00 25 $838.860.750,00 26 $1.677.721.550,00 27 $3.355.443.150,00 28 $6.710.886.350,00 29 $13.421.772.750,00 30 $26.843.545.550,00
You were giving him a discount! (If this math is correct, but it should be)
Lemmy supports markdown, so you can use markdown tables.
P.S. I didn't check your numbers, but I was curious about the markdown :)
Thank you!
$23.4T / ($350k / day) = 66857142.85 days
That's about 183,170 years, not a month.
I'm assuming you were suggesting it was $350k / day? Maybe you were meaning exponential and I misread?
edit: ah, $50k doubling. Missed that in the article.
Ahh so this is that compounding interest they taught me about in school
Until fines become wealth based, it will always be a poor people tax.
If cash flow is the issue, then start taking stocks.
Or make them recurring fines that grow exponentially each time they are issued until the situation is fixed.
Edit: nvm it sounds like this is exactly what they are doing.
Not just a "poor person tax" but it means that the law just doesn't apply in any meaningful way to the wealthy
Inconsequential for Musk sure, but not Twitter. Twitter is a company that didn't make money, lost half of its ad revenue, can't afford to pay its rent, can't afford to pay its cloud providers, and was saddled with huge debts that have $1b in interest annually. The clock is ticking for Twitter.
I think the issue is it can become failure of compliance and obstruction of justice at some point or can be tried as that. Elon could really get himself fucked if am investigation found members of the company discussion rejection to oblige.
Lol true.
This the top comment on literally every news article about a fine, lol.