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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"

[-] RecluseRamble@lemmy.dbzer0.com 21 points 1 day ago

4% of gross revenue is not a negligible amount. For no company.

[-] threeganzi@sh.itjust.works 8 points 1 day ago

Probably, but it would depend on how much gross revenue they make on said practice, and how often they get a fine.

[-] raspberriesareyummy@lemmy.world 21 points 22 hours ago
[-] GeneralInterest@lemmy.world 61 points 1 day ago
[-] IndustryStandard@lemmy.world 69 points 1 day ago

Less considering more doing

[-] ChaoticNeutralCzech@feddit.org 101 points 1 day ago

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.

[-] Disgracefulone@discuss.online 6 points 23 hours ago

Do it if you're bad

[-] x00z@lemmy.world 40 points 1 day ago

It's finally time to hold the people hiding behind the companies accountable!!

woohoo!

[-] MiltownClowns@lemmy.world 4 points 22 hours ago

and this is why we dont fuck with the chinese wall

[-] Sam_Bass@lemmy.world 33 points 1 day ago

break his ability to finance the orange felon

[-] just_another_person@lemmy.world 131 points 1 day ago

WOW. That's interesting. Kinda brilliant if it works. Wouldn't work in the US, unfortunately.

[-] givesomefucks@lemmy.world 107 points 1 day ago

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

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[-] reksas@sopuli.xyz 119 points 1 day ago

fine the fucker for 20% of his net "worth", that should give him some pause

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[-] pandapoo@sh.itjust.works 55 points 1 day ago* (last edited 1 day ago)

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.

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this post was submitted on 17 Oct 2024
813 points (98.0% liked)

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