SAO PAULO (AP) — A Brazilian Supreme Court justice on Friday seized about $3 million from bank accounts belonging to social media platform X and satellite-based internet service provider Starlink, both companies controlled by tech billionaire Elon Musk.
The move by Justice Alexandre de Moraes was aimed at collecting funds that are equivalent to the amount that X owes to the country in fines. The bank accounts of the two companies have since been unfrozen.
Legal analysts have questioned de Moraes’ prior decision to freeze Starlink’s bank account to pay for cases related to X. While Musk owns both X and SpaceX, which operates Starlink, the two companies are separate entities.
3.3m / 182b = 0.0018% of Elon Musk’s wealth.
What percentage of your wealth do you lose if you get caught driving 5mph over the speed limit?
This shit needs to be proportional to both severity of the crime and total wealth.
Separate entities that decided to be in contempt of court over the same issue. That sort of shit justifies piercing the corporate veil. Starlink backtracked after they realized the absolute fuck up they performed, but that judge viewed it as too little, too late.
While they are separate entities, its not like musk treats them as such when it benefits him. he redirected a ton of GPUs from tesla to twitter, for example
Just, just a terrible terrible title
Framed to make it look like a corrupt judge, when its just the totally standard seizing of assets due to a fine that hasnt been paid.
Happens to normal civilians all the time so why not to companies?
