Earlier quoted context omitted.
I sometimes wonder, what does one need a second 500 billion that the first 500 billion is not enough for?
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Maybe he trying to collect every waifu from every gacha game. That would get expensive in a hurry.
Elon Musk has lost his lawsuit against Sam Altman and OpenAI
261–270 of 642 posts
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#262Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#263Reached for comment by TechCrunch, Musk’s lead counsel Marc Toberoff said, “One word: Appeal.” One wonders on what grounds? In the UK, in a civil case like this, the judge I think comments on the likelihood of an appeal avenue once the verdict has been reached.
He lost on the grounds of a statue of limitations defense which is exactly the kind of thing which is easily appealable.
A state of limitations case is actually one of the strongest kinds of legal defenses a defendant can have.
It's a foundational issue that goes to whether the court is even allowed to proceed with the case. A defendant could be guilty/liable/whatever of the alleged claims, and it wouldn't matter. If the statute of limitations has run, they're in the clear.
The only counter to an SOL defense is to try and claim that the SOL was paused for some reason, but those exceptions are very narrow and wouldn't apply here (and in the real world very rarely apply to civil cases).
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#264Earlier quoted context omitted.
By a tad. SpaceX's worth is an order of magnitude more than Twitter's debt. I doubt any serious person considering buying shares in SpaceX will spend even a moment worrying about Twitter.
They probably should. I've seen people concerned a subsidiary's GDPR fine would be calculated on the basis of the parent company's global revenue, and in Musk's case something similar has happened in Brazil where Starlink's assets were frozen and justified in part because of how Musk fails to properly delineate between his businesses.
The EU also lacks incentivizes to not harm SpaceX. The US government as a whole, and DoD in particular wants SpaceX around to deliver cheap mass to orbit.
Europe on the other hand would love any judgements which give their rockets a chance to catchup. So they won’t temper an investigation or fines accordingly.
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#265Earlier quoted context omitted.
I sometimes wonder, what does one need a second 500 billion that the first 500 billion is not enough for?
Why did he need a second 250 billion after the first 250 billion? Makes me think of a inverted Zeno's paradox. Why do you need an extra dollar? I can answer for myself: New Zealand plans to tax the shit out of anyone that has more[A]. You need a fukton more than median wealth to be able to protect yourself against your own government. The type of person that enjoys chasing money doesn't stop. [A] via capital gains ta…
"Why did he need a second 250 billion after the first 250 billion"
because thats another 250 billion less for a competitor to use against you.
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#266This was one trial where I didn’t want either side to win
And somehow I still feel worse off that Musk lost?
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#267Aside from the disagreements between these parties, what about the precedent of running a non-profit, and then transferring all IP to a for profit when it’s convenient to do so? I wonder if the government or taxpayers have a case to bring regarding that.
The non-profit received shares in the for-profit as a result of the transfer. Those shares are theoretically worth hundreds of billions.
If it had been a for-profit company contributing assets to another for-profit company, the transaction would not have had any different tax consequence.
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#268Earlier quoted context omitted.
Key word being public . People from the industries he operates in were screaming from the rooftops about him for years. Tech people chose to actively ignore their colleagues in automotive and space. I remember the circumstances that led to the creation of /r/realtesla.
> People from the industries he operates in were screaming from the rooftops about him for years. Tech people chose to actively ignore their colleagues in automotive and space. The thing is... SpaceX and Tesla actually delivered something, in the case of Tesla at least until that damn rust bucket. They were (and, with the exception of the rust bucket, still are) miles ahead of the competition. Back when Musk proposed…
> there's a reason that place was up for sale.
It was "up for sale" because it was a public company. Tesla is also "up for sale" by that definition.
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#269Earlier quoted context omitted.
To be fair, twitter ended up useful for him when he used it to buy his way into the US government and close down all the departments that were investigating his companies for breaking all sorts of laws.
On the other hand, buying twitter was the turning point for his public image. Before that, he was Tony Stark. Now he's Lex Luthor.
No by then his public image would have be damaged by the cave diver incident
Re: Elon Musk has lost his lawsuit against Sam Altman and OpenAI
#270Earlier quoted context omitted.
> GME also beat the S&P 500 over the past 10 years. Is this evidence that Ryan Cohen is a business genius? GME did not beat the S&P500 over the past 10 years, and it is just the evidence of you needing to verify your claims before making them. Over the past 5 years[0]: S&P500 up by 77%, GME down by 50%. Over the past 10 years: S&P500 up by 260%, GME up by 207%. GME performance in the past 10 years doesn't indicate th…
I did look up numbers before I made that claim: From Yahoo Finance GME Jan 1, 2016: $7.09, $5.49 adjusted (accounting for dividend disbursements) GME Jan 1, 2026: $20.09 266% or 365% return depending on how you count dividends. 365% for GME vs. 306% for S&P 500 over the same period (also using adjusted for dividend numbers).
For the previous 10 years, dividends reinvested, GME returned 14.59% per year, SP500 did 15.376% per year. Considering the much, much higher risk of owning a single stock, the risk adjusted return of SP500 is much higher than GME.