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“X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases—and Big Fees
(www.motherjones.com)
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this post was submitted on 04 Sep 2023
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I haven’t yet seen an article where a reporter totals up the numbers and associated dollar amounts associated with Musk’s mismanagement. In terms of general classes - and I’m just going off the top of my head here - we’re looking at (including only the twitter related ones):
There were also potential suits over mass terminations contrary to state and national laws, but I haven’t heard as much about those recently.
In the event that Twitter files for bankruptcy, would it partially shield them from all that debt? Yeah, it's a dirty play and would totally expect Elon to do it if he could.
its so much worse than just that. there are so many financial mechanisms to avoid liability its not even funny. most of the unwashed are unfamiliar with them because they are specifically written to keep rich people rich.
money flows to the top, accountability... not so much. and that is 100% the design.
the twist here is a callous, idiotic billionaire using this lack of responsibility for his own enjoyment. he will never, ever personally suffer for any of the harm caused to all humans affected by his terrible business practices. he is shielded by money, or what we call money these days.
twitter will cost him billions in personal funds when it goes under, and it will not affect him at all.
Imagine the headlines. World's richest man files for bankruptcy.
That's the funny part, he won't. It's Twitter that will as it is a separate entity.
I am a free speech absolutist and I am saying Twitter. Prepare to be banned from the entire Fediverse.