• 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.

    • Dankenstein@beehaw.org
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      1 year ago

      It’s a private business, Musk can do whatever he wants with the site so long as it isn’t illegal and whoever helped him raise the cash doesn’t mind.

    • 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.