All tech companies now have the universal get-out-of-jail card available. Not only in acquisitions but also in operations. Those who have already violated laws will shamelessly do so on a much larger scale. Why not, when all incentives are set up this way? Same applies to M$, Meta, OpenAI, etc.
So I guess now to be a high ranked govt official not only can you be a convicted felon, but you can have active lawsuits against you by the same govt you “serve.” Interesting. I can’t wait for my next security clearance review to come up.
Musk is running a giant Ponzi scheme; his gambit to annex the U.S. government is the only way to keep it going--China is going to eat Tesla's lunch in the e-auto market (his plants there will become irrelevant), Space X is a long-term money loser, even with Starlink, and Boring is a brain worm.
I doubt he knew about this and that it played any factor in his decision to back who he did in the election, knowing a new SEC Chair could just toss that right out.
I am staying tuned to see if Elon will be buying TikTok from ByteDance/China, turning it into another fascist oligarch/ authoritarian mouthpiece. TrumpMuskovia could extend its power into even more corners of everyday life.
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Amazing what one billionaire can do for another.
Right, wink wink?
Just lucky, I guess.
https://www.thewrap.com/russian-oligarchs-elon-musk-x-investors-putin/