- Brazil’s supreme court said Friday that it ordered funds to be moved from Starlink and X bank accounts to pay fines levied against Elon Musk’s social media venture.
- Following the transfers, the court ordered that the seized bank accounts and assets of X and Starlink be unfrozen, saying there was no longer any need to keep them.
- The use of X has been suspended in Brazil since late August.
He only owns part of both which is why I think it’s messy. Then again if you are shareholder in one of his companies I guess you get what you deserve
Societal consequences obviously don’t motivate much of the investor class, but financial ones do.