3 ms·
$20M is probably at least two orders of magnitude less than the total losses people suffered as a result of this lie. It is almost certainly not "appropriate" i
by H8crilA 7y ago
$20M is probably at least two orders of magnitude less than the total losses people suffered as a result of this lie. It is almost certainly not "appropriate" in the damages sense. It may be a sensible fine ($1k may be a sensible fine to someone who has no money); it does not cover damages whatsoever.
- papermachete 7y agoWhy are people so fucking entitled?
- H8crilA 7y agoYou'd make an entertaining but an unsuccessful attorney. Imagine defending a robber: Why are the plantiffs so entitled to compensation for damage? Whatever happened, happened - stop dragging the subject!
- papermachete 7y agoMore like getting kicked out for failing your mortgage despite knowing what you're getting into.
- H8crilA 7y agoDude, it was a fraud, in the most speedy "fraud segment", that is M&A. It's so speedy because M&A directly links a security against a price ($420), but it was all a lie. It really is just a robbery.
- papermachete 7y agoHe conveyed no intent, he was supposedly "thinking". A bunch of millenials got burned and Musk paid for babysitting.
- deleted 7y ago[deleted]
- gamblor956 7y agoWhy are people so entitled to be made whole for harm caused to them by someone else acting with the intent to cause harm? Because the law says they are. You're arguing against more than 200 years of Western law that underpins the basis of the Western economic system.