Do you think he will?
I think the chances that he will follow through are equally as good, or even better, as those people who filed this lawsuit in getting their settlement.
If he doesn’t come through then I’ll lose respect for him. If he offered, then he needs to follow through with the offer just as Timothy Mellon did.
Elon has an amazing track record with donations. His charitable foundation is never in trouble with the IRS. We can trust in Elon to do the right thing,
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Let us know when he sends the check.
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Now you’re just repeating yourself. I will
You’ll be the first one I notify
Elon lied.
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We all know exactly why this case was brought up and the date is a give away. Thank god Twitter/X is owned by Musk vs. the previous owners.
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Sure.
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Yes it was filed days after he bought Twitter in October 2022. It was a case about the twitter acquisition from twitter shareholders. When else would it have been filed? It couldn’t be filed before he bought Twitter.
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Sure, sure it is. Again, Twitter/X is now a free platform and we are all better off because of it.
Are you saying the lawsuit wasn’t about his buying of twitter? Or that it wasn’t from twitter investors?
This lawsuit is about who controls Twitter/X.
Did the lawsuit seek either to void the sale of twitter or to install any particular person in charge or on the board as a remedy? No.
This was a financial lawsuit. It’s not uncommon after a public company sells. WWE/TKO are in one now.
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Exactly. And this is why disciplined company executives know to keep quiet during these negotiations and transactions. Trying to leverage lower stock prices caused by misleading the public about that company to renegotiate a sales price clearly violates federal law. The only question was whether this was intentional.
This class-action decision has led Musk to go to work to settle with the SEC in a separate but related case. I think the SEC was alleging the damages in that one to be $150MM in addition to a civil fine.
He’s previously had to pay fines for making remarks related to Tesla funding that were false and manipulated stock prices.
This is a pattern for him, and the consequences have been of no consequence.
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Yea, that’s what I really was talking about in the original post. It goes for anyone with the kind of wealth he has, the financial consequences just aren’t going to be significnat to deter repeat behavior. Maybe the consequences of the time and attention someone has to spend on these type of lawsuits does more to deter repeat behavior than the fines.
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And a jury agreed. This isn’t some grand conspiracy.
But this definitely won’t stop him from doing it again. He’s too wealthy to really hurt him financially.
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And the jury didn’t side with the plaintiffs on everything either.
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In regards to the Timothy Mellon donation, do you know how insignificant
it was to the military payroll ?
The $130 million donation was mostly just PR and didn’t actually pay salaries.
It was nowhere near enough to cover military salaries. I mean it’s great a super
rich guy makes a large donation to the government’s Defense Department , but understand what it really was and did.
The mystery donor whose $130 million contribution is meant to pay U.S. military troops during the government shutdown an heir to a renowned Gilded Age banking family, The New York Times reported Saturday.
But Mellon’s donation works out to only about $100 per service member. It costs nearly $6.4 billion to pay U.S. troops every two weeks.
How the Shutdown Impacted Military Pay
Although this was not the first shutdown that the U.S. military experienced, historically, Congress has passed laws continuing military pay during government shutdowns. In both 2013 and in 2019, for example, laws passed by Congress ensured that most military service members were still paid. (In 2019, 47,000 members of the Coast Guard were not paid due to the fact they are funded through the Department of Homeland Security, which at the time had not received full-year appropriations.) Congress did not pass any similar legislation in 2025.
Daily Treasury Statements show $4 billion was paid to active-duty troops on October 15 and $4.7 billion was paid on October 31. Had the shutdown continued, November 14 would have been the first time that active-duty members of all military branches missed a paycheck due to a government shutdown.
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