Twitter faces a class action lawsuit over mass employee layoffs with proper

Post by ceejayoz » Fri, Nov 04, 2022, 8:48 PM UTC

filoleg wrote: post #231

TheRealPomax wrote: post #197

Earlier quoted context omitted.

Probably not, since it encourages companies to actually invest in people that they can't just fire at will. Society comes out on top, and business is kept accountable for how they treat human beings. The free market with at will employment is a race to the bottom. France's model is more of a steady march to the top.

> France's model is more of a steady march to the top Eagerly awaiting for France to have their own equivalents (in terms of success and worldwide influence) of Google/Apple/Microsoft/Amazon/SpaceX/Tesla/etc. As well as for their devs to be paid even remotely close to what they can get paid in the US. From what I am seeing, even "the year of Linux on desktop" is more likely to happen than that. Which doesn't inspire…

Post by FireBeyond » Fri, Nov 04, 2022, 9:21 PM UTC

WilTimSon wrote: post #135

selectodude wrote: post #52

Earlier quoted context omitted.

In a drug-induced haze, Elon offered to buy Twitter at a price that was a weed meme and after sobering up, went on a full court press in the media to get out of his deal. It required a absolute shitpounding in the Delaware court of chancery for him to cop to the legal obligations he clearly wasn't aware of. What on earth has this man done to make you think that he knows his legal obligations?

He doesn't have to know them, he probably has enough management and lawyers on retainer to warn him about stuff like that. It's highly unlikely they haven't warned him about this.

Post by dragontamer » Fri, Nov 04, 2022, 9:41 PM UTC

pessimizer wrote: post #233

dragontamer wrote: post #195

Earlier quoted context omitted.

> When you buy a company Elon didn't even read the contract that bought the company. He spent the last 6 months in court trying to get out of the contract, not realizing it was ironclad.

He was trying to get out of it because it was a stupid deal at that price, not because he couldn't understand a contract. He was trying to limit the dumb consequences of his dumb impulse. Failing at that, he might as well lean into it. He's got enough money to make billions of stupid mistakes, and this stupid mistake gave him ownership of his favorite thing. A favorite thing that incidentally gives him leverage again…

Post by Turing_Machine » Fri, Nov 04, 2022, 10:08 PM UTC

awb wrote: post #46

Turing_Machine wrote: post #26

Earlier quoted context omitted.

Musk is worth $220 billion. At $1.85 million/day, he'd go broke in only 325 years. I don't think it's a major worry for him.

1 month is $55M in fines at that rate. 300k verified users paying $8/month is $2.4M. If he's making a big deal about bringing in single digit millions per month to "pay the bills", you'd think he'd care about double-digit million fines, but who knows. He has more FU money than anyone else alive.

Post by anonymousab » Fri, Nov 04, 2022, 10:24 PM UTC

bpodgursky wrote: post #5

cronix wrote: post #2

> Additional plaintiffs, Justine De Caires, Jessica Pan, and Grae Kindel said they were terminated on November 3 by being locked out of their accounts. > Under Twitter’s takeover deal terms, Musk had agreed to keep employee compensation and benefits the same. That means the laid-off employees should receive 60 days of salary and the cash value of the stock they were to receive within three months of their last date a…

This is what always happens, and what will almost certainly happen here. They'll just give a few months severance. This is so much noise over nothing.