- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
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.
You must log in or register to comment.
About the claims that X and Starlink are separate entities and one shouldn’t be affected by the other: it has since been revealed that it was Starlink who paid the salaries of X’s employees.
Courts are supposed to seize assets, especially when the defendant is a notorious deadbeat.
Wait, Leon made this whole hullabaloo was over $3M?
It only got to $3M because the fine increased daily. It started at zero and all he needed to do was follow the court’s orders to suspend accounts from users that were breaking the law.
That’s the fine.
The original issue was not taking down illegal content in X even though there was a court order and a fine to do so, and withdrawing their legal representation from the country when they were expected to legally represent the company (i.e take responsibility for X breaking the law). Brazil requires companies to have that in order to operate, so X got blocked, and now the fine has been taken for their assets.Classic Leon
Ride em cowboy!
Who wants to bet that a Boeing negotiator will get sent to handle the issue.
Associated Press - News Source Context (Click to view Full Report)
Information for Associated Press:
MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
Wikipedia about this source
