Elon Musk merging Twitter into X didn’t absolve X from child safety fine.
Elon Musk’s X (formerly Twitter) remains on the hook for an approximately $400,000 fine after failing to respond to an Australia eSafety Commission 2023 inquiry, which largely sought to probe measures X is currently taking to combat an alleged proliferation of child sexual abuse material (CSAM) on its platform.
To void the fine, X tried to persuade Australian Judge Michael Wheelahan that X had no obligation to comply with an Online Safety Act notice issued to Twitter because Twitter “ceased to exist” a few weeks after receiving the notice—when Musk merged the app into his company X Corp.
Guys, I found how you can get rid of all your debt.
Thing is, that’s exactly how you do it as a capitalist.
Compartmentalise your businesses and ensure they’re registered so as to never come after your personal assets should they go bust.
Then, if the business fails and goes bust, shut it down, sack everyone, and a week later reopen in the same place with a slightly different name and rehire most of the same staff under the new company.
The new company is not in any way legally connected to the old one, and the one one’s debts are to be handled whatever administration firm took all that over, etc.
I’ve seen it happen first hand here in the UK, good example of why capitalists are scumbags that are above our laws.