X fails to avoid Australia child safety fine by arguing Twitter doesn’t exist
X fails to avoid Australia child safety fine by arguing Twitter doesn’t exist
Elon Musk merging Twitter into X didn’t absolve X from child safety fine.
Transphobe mad about people deadnaming his company
167hello 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.
145Musk giving off sovereign citizen vibes.
62He should of written diagonally in red ink on the court documents SMH
5aka dumbshit who isn't punched in the face enough vibes.
3
Did you sign your new name at 45 degrees in red ink?
35The social security card says it was issued to "ELON MUSK" but my name is "Elon Musk". Direct all these supposedly mine tax bills to "ELON MUSK" and leave me alone.
33
$400,000 isn’t even that much for a company like this, it might’ve cost that much just trying to fight this.
92Twitter'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).
72This is mostly incorrect.
First he's not overleveraged from buying Twitter. He bought it with Russian, Saudi, and 400 other investor's money. There was aist recently published.
Second, he doesn't need to put any personal money to pay Twitter's fines, Twitter has its own money/debts and accounting.
Third, even if it was his own money, he would sell stock, he could borrow against it, avoiding selling it.
Fourth, even if all of the above was true (which it isn't) for a hundred-billionaire, losing tens of millions doesn't register. It's like someone with a couple million bucks in the bank losing a few hundred. It's like a nice dinner.
7
The fine increases for every day they don't comply.
The fine was issued last October, though I'm unsure if legal proceedings put a halt to the counter
10
Lol, Elon Musk thinks that the USA justice system runs on crack so the World justice system must too. 🤣🤣
71I doubt Musk even knows about this case. X has lawyers for this type of pedestrian issues, and they come up with defense strategy.
19we 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.
8
Just think, this brilliant mind could soon be administrating vast swaths of the US government!
66it's still Twitter
44It's not twitter it's Xitter!
Hint hint
Yup, same thing, but more shitty. Although, I agree with MAGA Musk that it shouldn't fucking exist.
7twitter
2
As long as twitter.com redirects to X, it's officially still called Twitter, I don't care what Elmo says
41Wouldn't the business license say still be for Twitter, with a DBA "X"?
8I've had a dig (I have no idea what I'm doing) but in this ASIC registry, seems to show they filed to try and wind up the company, and that was rejected? Again, not a lawyer. (See the "Documents" section)
Edit to add: And they still have their trademark registered, so it clearly still exists haha how bizarre.
2
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?
41Like, 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?
23Pharmaceutical businesses enter the chat
8
Elmo was really hoping he found a SovCit level loophole to just escape all consequences.
19Which 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?
7
Someone should start twitter.com.au using this argument
18Is 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".
12
12
1
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.
11The 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.
19I do. I know why.
8Because 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.
5Money.
It would cost money.4Well 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
3
Arthur Fleck isn't quilty, it's the Joker who did it
7Sometimes 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.
-2When has he ever been “so smart”?
Dude used his dads wealth to buy a founders role in a company.
42He 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.5