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.

74 points

soon, “Elon Musk - twitter founder”

permalink
report
reply

:commiku:

permalink
report
parent
reply
62 points

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

permalink
report
reply
43 points
*
Deleted by creator
permalink
report
parent
reply
32 points

three strike laws but they’re actually good

permalink
report
parent
reply
31 points
*
Deleted by creator
permalink
report
parent
reply

But muh social credit

permalink
report
parent
reply
1 point

The first time you do it you have pay 1 grain of rice, and then each subsequent time it doubles

permalink
report
parent
reply
22 points
*
Deleted by creator
permalink
report
parent
reply

If something is illegal, but the penalty is a fine, it means it’s legal for rich people.

permalink
report
parent
reply
8 points

there’s nothing anyone can do about it

Yet.

permalink
report
parent
reply
61 points

you 100% know he’s only doing this because he’s mad people mad fun of him on it

permalink
report
reply

His first request to the board is gonna be ban his ex-wife and to get ban powers from the gui.

permalink
report
parent
reply
21 points
*

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.

permalink
report
parent
reply
14 points

He’s going to make use of the phrase “emerald mine” a bannable offense, no matter the context.

permalink
report
parent
reply
36 points
*

Imagine tweeting a spicy hot take and your car stops driving.

permalink
report
reply
19 points

That’s generously assuming a lack of pettiness. That freak would remote detonate that lithium battery.

permalink
report
parent
reply
7 points

It will do fine detonating itself, thank you very much.

permalink
report
parent
reply
34 points

Guys will literally buy social media platforms instead of getting over their emo gf dumping eh em

permalink
report
reply

technology

!technology@hexbear.net

Create post

On the road to fully automated luxury gay space communism.

Spreading Linux propaganda since 2020

Rules:

  • 1. Obviously abide by the sitewide code of conduct. Bigotry will be met with an immediate ban
  • 2. This community is about technology. Offtopic is permitted as long as it is kept in the comment sections
  • 3. Although this is not /c/libre, FOSS related posting is tolerated, and even welcome in the case of effort posts
  • 4. We believe technology should be liberating. As such, avoid promoting proprietary and/or bourgeois technology
  • 5. Explanatory posts to correct the potential mistakes a comrade made in a post of their own are allowed, as long as they remain respectful
  • 6. No crypto (Bitcoin, NFT, etc.) speculation, unless it is purely informative and not too cringe
  • 7. Absolutely no tech bro shit. If you have a good opinion of Silicon Valley billionaires please manifest yourself so we can ban you.

Community stats

  • 16

    Monthly active users

  • 5.1K

    Posts

  • 60K

    Comments