Twitter is appointing Tesla CEO Elon Musk to its board of directors, according to a filing with the US Securities and Exchange Commission. Musk will serve as a class II director until 2024. This is a type of position that can be used as an anti-takeover measure.
As noted by CNBC, Musk’s investment could set off more issues with the SEC. The SEC requires anyone with more than a 5 percent stake in the company to disclose their purchase within 10 days. Musk first acquired the shares on March 14th, 2022, and didn’t reveal that information until April 4th, 2022 — 21 days after the fact. According to CNBC, the SEC’s fines for this kind of violation typically aren’t exorbitant (for the world’s richest man at least), and tend to waver around the $100,000 mark.
He did that intentionally to show that he can flout the law whenever he wants and there's nothing anyone can do about it
three strike laws but they’re actually good
One can dream. Also: Not fixing stuff as landlord ought to count.
I think we should just skip that step and :mao-wave: the landlords
The first time you do it you have pay 1 grain of rice, and then each subsequent time it doubles
If something is illegal, but the penalty is a fine, it means it's legal for rich people.
you 100% know he's only doing this because he's mad people mad fun of him on it
His first request to the board is gonna be ban his ex-wife and to get ban powers from the gui.
Second is to snoop Grimes private messages, third is to get the IPs of people arguing against him or supporting union i.e. that new factory in Germany.
He's going to make use of the phrase "emerald mine" a bannable offense, no matter the context.
That's generously assuming a lack of pettiness. That freak would remote detonate that lithium battery.
Guys will literally buy social media platforms instead of getting over their emo gf dumping eh em
in 10 years were gonna hear about brilliant elon musk inventing twitter
You mean he's making a paper trail of evidence when he's tried for his crimes by the people.
We're all gonna be locked inside when it burns too. I mean we kinda are already.
MR MUSK SIR, I RESPECTFULLY REQUEST YOU PLEASE UNBAN TRUMP SIR
He'll do it the next time a Tesla spontaneously explodes, just wait.
R E D D I T
M O M E N T
"Le trans people r bad, le black people bad. Sorry, you can't insult me back I'm white! Updoots to le left! Le EPIK TROLLZ!"
based elon spending his own money to increase fediverse engagement
:sicko-crowd:
That reminds me, how dominant is the left in the fediverse? Nazis control the mainstream internet but is it possible to make the fediverse our turf?
At least anecdotally leftists are much more common. I don't know if it will remain that way forever, but communities are given the tools to control moderation and signups such that they can carve out their own space similar to here (hexbear is fedi with federation disabled). Left-leaning instances have been good about defederating from chud instances like gab, etc.
I think my biggest worry long term is that if it becomes popular all the astroturfing and botting will make its way over, but I'm hoping the instance fragmentation will make it more obvious and easier to block.
Even with it being mostly lefties in my experience the platform itself sucks because it's built around the same mechanics as Twitter so it encourages dunking and dogpiling in the same way but due to the instance fragmentation you don't have access to what started the argument originally so misunderstandings snowball out of control rapidly
This is a good observation, and I've seen similar. It's a good reminder for FOSS devs that when you copy some proprietary app you're also likely importing some capitalist dark patterns, as well. Fortunately the underlying protocol is pretty generic and not specific to the Twitter model, so it's not a complete dead end.
Bad news, there's nazis on Mastadon too.
Hexbear is the only website with a baseline tolerable community.
Humans don't create a Gibsonesque corporate fiefdom dystopia challenge. Blah blah blah.
