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EU considers calculating X fines by including revenue from Musk’s other firms (arstechnica.com)

submitted 1 month ago by Xatolos@reddthat.com to c/technology@lemmy.world

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[–] tekato@lemmy.world 1 points 1 month ago

So a company provides infinite protection?

No. Never even suggested that.

"I didn't murder that man, the company did."

"The company paid individual X to murder them, not me."

Ridiculous stretch. I have stated multiple times, as has the law, the company provides financial protections, did I ever say anything else? Of course if you are involved in the murder of somebody you should be prosecuted. If you can’t argue in good faith don’t bother responding.

if your name is Elon Musk and you own companies X, Y, & Z, and you perform actions A, B, C, you I'll be fined in this exact way?

No. You can clearly state in the law that “if your company is found to violate a consumer protection law, your other assets will be in jeopardy if we can’t figure out a way to fine your company”. I wonder what would be the consequences of explicitly informing companies of the consequences of their actions.

And do you know who agreed to these rules? Elon Musk. He chose to do business in the EU. He agreed to their rules.

Yes he did. He agreed to the rule that states the company will be fined up to 6% of the yearly income, not whatever this is.