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EU considers calculating X fines by including revenue from Musk’s other firms (arstechnica.com)

submitted 1 month ago by Xatolos@reddthat.com to c/technology@lemmy.world

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[–] GreenKnight23@lemmy.world 19 points 1 month ago (1 children)

he's the one whose blurred the lines between the businesses.

taking funds from one to pay for the other regularly.

I'd say the EU has every right to do it this way.

[–] bluewing@lemm.ee 3 points 1 month ago (1 children)

Corporations do this regularly. Using funds from one branch of their business to prop up others. That's neither new or illegal in the EU.

[–] GreenKnight23@lemmy.world 2 points 1 month ago

you're right, it's not. but when legally attempting to distinguish where one company ends and the other begins, it's up to the court to judge based on liquidity between the two.

if you run company A B and C and have money flowing from A to C and C to B and B to A, the feds might think you're laundering money.