Sanctions were applied after the social media platform delayed compliance with a federal search warrant that required Twitter to hand over Donald Trump’s Twitter data without telling the former president about the warrant for 180 days.

  • Geekocracy@lemmy.world
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    1 year ago

    The purpose of a fine is to get compliance, not to punish. The fine was $50,000, doubling every day. So $350,00 dollars means Musk caved after 3 days. Pretty effective tactic by the court.

      • maniclucky@lemmy.world
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        1 year ago

        Doing a data science degree right now. No. No they do not.

        This pointless comment brought to you by poorly optimized flashbacks.

    • p1mrx
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      1 year ago

      The fine would’ve hit $40 billion within a few weeks.

    • Mnemnosyne
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      1 year ago

      Uhh, how does a 50k fine that doubles each day come out to 350k?

      Day 1: 50,000. Day 2: 100,000. Day 3: 200,000. Day 4: 400,000…

      We skipped right over 350…

      • Rev. Layle@lemm.ee
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        1 year ago

        I believe it is cumulative.

        50k first day

        PLUS 100k next day (running total 150k)

        PLUS 200k next day (running total 350k)

      • SamsonSeinfelder@feddit.de
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        1 year ago

        The violation is committed every 24h. You do not get a bonus/discount for waiting out. It is added to your already amassed fine. The way you count would mean, that on day 5, they would get a ~50% discount in the fine (paying only 800K instead of the amassed 1.55M)

        Day 1: 50K -> 50K = 50K locked in

        Day 2: 100K -> 100K + 1st day 50K = 150K locked in

        Day 3: 200K -> 200K + 2nd day 100K + 1st day 50K = 350K locked in


        Day 4: 400K -> 400K + 3rd day 200K + 2nd day 100K + 1st day 50K = 750K locked in

        Day 5: 800K -> 800K + 4th day 400K + 3rd day 200K + 2nd day 100K + 1st day 50K = 1.550.000K locked in

        Day 6: 1.6M = 3.15M

        Day 7: 3.2M = 6.35M

        Day 8: 6.4M = 12.75M

        Day 9: 12.8M = 25.55M

        Day 10: 25.6M = 51.15M

        Day 11: 51.2M = 102.35M

        Day 12: 102.4M = 204.75M

        Day 13: 204.8M = 409.55M

        Day 14: 409.6M = 819.15M

        Day 15: 819.2M = 1.638B

    • hglman@lemmy.ml
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      1 year ago

      How is that not just standardized and know at the time of the ruling ?