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I’m not against regulation but I’m not sure it’s needed here either. In the case of misleading statements and marketing causing death, that seems like somethin
by ninth_ant 4y ago
I’m not against regulation but I’m not sure it’s needed here either.
In the case of misleading statements and marketing causing death, that seems like something that a lawsuit would handle, not regulation.
In the case of false marketing misleading investors, we would see investor lawsuits for that if the stock price suffered as a result. Right now, what damages would you show for musks lies?
Instead of new regulation, a lot of nonsense would have been avoided had the SEC not given him a free pass after the last round of investor fraud. It was entirely predictable that an egomaniacal child would not change behaviour after a slap on the wrist and a warning.
- secretsatan 4y agoRegulation often happens after companies have mislead people, it’s more a chicken egg scenario, do we let disasters happen to legislate against or do we have the foreknowledge to see the disaster happening and stop it?