<![CDATA[Ridiculous]]>Ridiculous

settles lawsuit over disclosures, $1.5 million fine imposed

settled the SEC's civil lawsuit accusing the world's richest person of waiting too long in 2022 to disclose his initial ‌purchases of Twitter, now known as .

A trust in Musk's name will pay a $1.5 million civil penalty, WITHOUT admitting .

Musk won't have to give up ANY money he allegedly saved from the delay.


https://www.reuters.com/world/elon-musk-settles-sec-lawsuit-over-twitter-disclosures-trust-will-pay-15-million-2026-05-04/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement

]]>https://board.circlewithadot.net/topic/9233b7f3-82df-490d-98d3-6da54c49b9f9/ridiculousRSS for NodeThu, 14 May 2026 23:27:11 GMTMon, 04 May 2026 22:52:04 GMT60<![CDATA[Reply to Ridiculous on Tue, 05 May 2026 02:43:46 GMT]]>@Nonilex @JonChevreau So he just had to give them the change between the cushions of his couch. Got it.

]]>https://board.circlewithadot.net/post/https://mindly.social/users/Thumper1964/statuses/116519667377401492https://board.circlewithadot.net/post/https://mindly.social/users/Thumper1964/statuses/116519667377401492Tue, 05 May 2026 02:43:46 GMT<![CDATA[Reply to Ridiculous on Tue, 05 May 2026 01:22:12 GMT]]>@Nonilex Musk is worth what, $500 billion? $1.5 million is .000003 of his wealth. To put that in slightly more relatable terms, if your net worth was $2 million, a comparable fine would be $6.

]]>https://board.circlewithadot.net/post/https://mastodon.social/users/alexlubertozzi/statuses/116519346673915145https://board.circlewithadot.net/post/https://mastodon.social/users/alexlubertozzi/statuses/116519346673915145Tue, 05 May 2026 01:22:12 GMT<![CDATA[Reply to Ridiculous on Tue, 05 May 2026 00:06:25 GMT]]>@Nonilex

Scaling his net worth to my net worth, this penalty works out to about a buck 85.

🤦‍♂️

]]>https://board.circlewithadot.net/post/https://mastodon.social/users/darthsandwich/statuses/116519048680789989https://board.circlewithadot.net/post/https://mastodon.social/users/darthsandwich/statuses/116519048680789989Tue, 05 May 2026 00:06:25 GMT