@Bliss I wonder if the stockholders can sue Musk, as he is doing things to actively cause harm to the value of the stock... use those damned fiduciary rules against him.
I have nothing against fiduciary responsibilities for people like accountants, but when it comes to stock, they use it to screw over the employees and the public.
@sentientdessert @Bliss I read somewhere else , I think it was in Reddit that Musk is already planning to sell his crappy site , I haven’t seen it anywhere else, what I did see is that it lost almost 80 percent of its value.
@Jorro @sentientdessert @Bliss
Now if we drove a company we paid $44 BILLION down to 20% of its value… we would be bankrupted for all nine of our lives and be in debtors prison for eternity. But Musk will walk away from it using the entire loss for tax benefits and still be the world’s richest asshole. He’s bored with the ex-bird… he wants to rule the world- starting with the United States.
@QueenOfEverything @Jorro @Bliss From my understanding the write off attempt could be challenged... I don't know the laws surrounding it as much as I would like to...
Then again, running companies into the ground seems legal according to what happene dto toys r us and is currently happening to red lobster.
@sentientdessert @Jorro @Bliss
Exactly… and I glanced at a post someone brought up today that laws protected owners who intentionally drive stock prices down….OR that’s just the opposite- I didn’t read it.
@sentientdessert @QueenOfEverything @Jorro
🍊🤡 has bankrupted MANY companies. Below is but a small list. He also went against Economic Advisers and imposed tariffs tgat caused the inflation and increased the US Debt by a record $8.4 Trillion.
@Bliss @QueenOfEverything @Jorro You gotta be particularly inept to have a casino go bankrupt that fast...
He has the horrible rich mentality that "it costs a lot, so that means it is the best." He doesn't understand aesthetics, he doesn't understand good... about the only thing he's honest about is what he eats... cheap (well, not so cheap anymore) but he eats it...
@sentientdessert @Bliss @QueenOfEverything that might be the only case in history in which it happened!!
@QueenOfEverything @sentientdessert @Bliss that is how the system works , at least for the rich .
@Jorro @Bliss I don't know if it can even be salvaged if he did sell it to someone less incompetent.
They'd have to hire back so many people to fix the code and the things that have been broken for months and held together with shoestring, bubblegum, and very misguided prayers.
He took the "online town square" and turned it into an online superfund site.