• CaptainBasculin@lemmy.ml
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    2 months ago

    hello guys i’ve recently changed my name, why should i be responsible for the 400.000$ debt related to my old name? The name doesn’t relate to me anymore.

  • twinnie@feddit.uk
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    2 months ago

    $400,000 isn’t even that much for a company like this, it might’ve cost that much just trying to fight this.

    • Voroxpete@sh.itjust.works
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      2 months ago

      Twitter’s revenue has cratered hard, and because its privately owned, every dollar Twitter loses is a dollar that Elon has to come up with.

      Because his wealth is entirely in overinflated Tesla stock, and because he’s already massively overleveraged from buying Twitter, coming up with that money means selling Tesla stock, and because the Tesla stock price is based on dreams and unicorn farts any amount he sells tends to sink the price.

      This means that for Elon to cover $400,000, that could easily lose him tens of millions in net worth. And there’s no telling when the Tesla stock price will just collapse entirely as investors finally start valuing it like a car manufacturer, and not like kind of predestined savior of the human race (for context, Tesla in its entirety is currently valued at $800bn. Ford is currently valued at $40bn. And Ford sell a LOT more cars than Tesla).

        • Voroxpete@sh.itjust.works
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          2 months ago

          Exactly. Right now Tesla are being priced like they’re the next Amazon, but this is largely on the belief that they’ll somehow end up licensing self driving software to every company in the world that deals in transit or transport. It’s a total fantasy. While Tesla does have some competitive advantages (such as owning the accepted standard for EV charging) they’re not worth anywhere close to what their stock price says. At this point they’re basically turning into a new South Seas Company.

  • HeIsHarsh@lemmy.world
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    2 months ago

    Lol, Elon Musk thinks that the USA justice system runs on crack so the World justice system must too. 🤣🤣

    • magikmw@lemm.ee
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      2 months ago

      I doubt Musk even knows about this case. X has lawyers for this type of pedestrian issues, and they come up with defense strategy.

    • Fedizen@lemmy.world
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      2 months ago

      we coddle our billionaires here which is why they can’t make it overseas. Its time we took a tough love approach to billionaires in the US; the billionaire herd needs thinning.

  • fluxion@lemmy.world
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    2 months ago

    Just think, this brilliant mind could soon be administrating vast swaths of the US government!

  • Kazumara@discuss.tchncs.de
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    2 months ago

    Wheelahan found that under Nevada law, merging Twitter into X turned Twitter into a “constituent entity,” which then transferred all of Twitter’s legal consequences to X Corp.

    Isn’t that how it works everywhere? What where they even arguing for?

    • kalleboo@lemmy.world
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      2 months ago

      Like, if that worked, wouldn’t every company just sell itself to a new shell company once a year and drop every kind of legal liability?

      • AeonFelis@lemmy.world
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        2 months ago

        Which is weird, because SovCits are a cargo cult who try to mimic the legal miracles top lawyers sometimes manage to pull off. Musk should be different - he does have access to these top lawyers who do have deep understanding of the law.

        Unless Twittex’ lawyers got the same treatment the engineers got?

  • Random_Character_A@lemmy.world
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    2 months ago

    Is this “gotta try anything instead of submission” thing or just “new level of stupid” thing?

    Was there actually some hope for this to work or was this just something the man baby cooked up and his layers just thought “fuck it, I’m getting paid for this and he won’t listen anyway”.

  • NocturnalEngineer@lemmy.world
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    2 months ago

    I don’t get why twitter wouldn’t just comply & implement measures the moment it knew it’s platform was being used to distribute CSAM.

    • Llamatron@lemmy.world
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      2 months ago

      The fines are no doubt cheaper than actually doing something about it. Plus if they do something and are even moderately successful then he’d have less of an excuse for doing nothing about Russian disinformation and other bullshit.

    • Samvega@lemmy.blahaj.zone
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      2 months ago

      Because they care about money, not harming children. This is why we live in a world where there isn’t enough effort put into keeping children safe by rich people, because they prefer money to chlidren.

    • Geobloke@lemm.ee
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      2 months ago

      Well now we know that Twitter doesn’t care that there csam on their platform. Like couldn’t even do the bare minimum standard of compliance

  • InfiniteGlitch@lemmy.dbzer0.com
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    2 months ago

    Sometimes I’m perplexed how someone can be so smart and immensely stupid at the same time.

    Dude became one of (if not the most) richest person in the world and yet his attitude, behavior and speech are immensely stupid.

    • Deceptichum@quokk.au
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      2 months ago

      When has he ever been “so smart”?

      Dude used his dads wealth to buy a founders role in a company.

      • flamingo_pinyata@sopuli.xyz
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        2 months ago

        He really is/was smart about some things - marketing and self-promotion. He started with millions and ended up with hundreds of billions, all thanks to his marketing skills, and knowing how to be in the right place at the right time.
        Being good at one thing doesn’t automatically mean he’s good at other things - like running a company, or being an engineer as he likes to imagine himself.

        • latenightnoir@lemmy.world
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          2 months ago

          Honestly, it’s not that hard to make a truckload of money if you start off with a busload of money (in this analogy, the truck’s bigger). Capitalism is pretty much built to ensure that the rich will either stay rich or get richer unless they’re completely irresponsible with said riches.

          And paying attention to trends isn’t a stroke of genius, either. As for marketing, the ‘fresh rebel tech magnate’ turned out to be just a shitposter without the proper context in which to “shine,” nothing more.

        • atrielienz@lemmy.world
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          2 months ago

          "Because his wealth is entirely in overinflated Tesla stock, and because he’s already massively overleveraged from buying Twitter, coming up with that money means selling Tesla stock, and because the Tesla stock price is based on dreams and unicorn farts any amount he sells tends to sink the price.

          And there’s no telling when the Tesla stock price will just collapse entirely as investors finally start valuing it like a car manufacturer, and not like kind of predestined savior of the human race (for context, Tesla in its entirety is currently valued at $800bn. Ford is currently valued at $40bn. And Ford sell a LOT more cars than Tesla)."

          This is a quote from a comment above. What he’s “smart” about is being a conman. Which doesn’t really take intelligence. It just takes some trial and error and enough money starting out to make mistakes.