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Brazil supreme court unfreezes assets of Elon Musk's Starlink, X after taking fines (www.cnbc.com)

submitted 1 month ago by MicroWave@lemmy.world to c/world@lemmy.world

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Brazil’s supreme court said Friday that it ordered funds to be moved from Starlink and X bank accounts to pay fines levied against Elon Musk’s social media venture.
Following the transfers, the court ordered that the seized bank accounts and assets of X and Starlink be unfrozen, saying there was no longer any need to keep them.
The use of X has been suspended in Brazil since late August.

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[-] Honytawk@lemmy.zip 13 points 1 month ago* (last edited 1 month ago)

Owned by the same person. So you hit the same person.

All of it could have been avoided if that same person paid their fines instead of playing the crying rich baby.

[-] NOT_RICK@lemmy.world 7 points 1 month ago

He only owns part of both which is why I think it’s messy. Then again if you are shareholder in one of his companies I guess you get what you deserve

[-] Jimmyeatsausage@lemmy.world 4 points 1 month ago

Societal consequences obviously don't motivate much of the investor class, but financial ones do.

this post was submitted on 14 Sep 2024

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