• TWeaK@lemm.ee
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    1 year ago

    We need laws against business owners that frivolously run their business into the ground and damage others’ without retaining any liability beyond the business’ death.

      • TWeaK@lemm.ee
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        1 year ago

        They have a civil suit against him, but that kind of lawsuit is almost never successful (edit: at pinning liability onto the business owner - I’m saying liability will probably only fall to Twitter and not Musk personally /edit). Twitter is still a limited liability company, and now that it is privately owned its owners are free to run it into the ground - they don’t have an obligation to shareholders.

        Private businesses should be free to do this, but this was a publicly traded company turned private, so arguably there should be solid protections in law that make this wrong rather than the only option being a difficult civil lawsuit.

        • PersnickityPenguin@lemm.ee
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          1 year ago

          But Tesla isn’t a private business. It’s a public business that’s traded on the stock exchange. That’s a huge difference from the bird site.

          • tintory@lemm.ee
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            1 year ago

            Don’t forget both Tesla and SpaceX ( who are heavily subsided by the American government also) employees was taken from their jobs and working on making more of a mess of Twitter

    • Belgdore@lemm.ee
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      1 year ago

      We have it, it’s called “Piercing the corporate veil.” Twitter being a California company should make it easier.

      • underisk@lemmy.ml
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        1 year ago

        OP suggests we add legal protections against what Musk is doing and your response is to point out that he’s not doing anything illegal. Thanks man, wise words.