World News@lemmy.worldEnglish · 2 months ago

Brazil judge withdraws $3.3 million from Musk's Starlink and X to pay for social media fines

apnews.com

cross-posted to:
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Brazil judge withdraws $3.3 million from Musk's Starlink and X to pay for social media fines

apnews.com

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World News@lemmy.worldEnglish · 2 months ago

cross-posted to:
news@lemmy.world

A Brazilian Supreme Court justice seized about $3 million in frozen funds of social media platform X and satellite-based internet service provider Starlink, both companies controlled by billionaire Elon Musk.

A Brazilian Supreme Court justice on Friday seized about $3 million from bank accounts belonging to social media platform X and satellite-based internet service provider Starlink, both companies controlled by tech billionaire Elon Musk.

The move by Justice Alexandre de Moraes was aimed at collecting funds that are equivalent to the amount that X owes to the country in fines. The bank accounts of the two companies have since been unfrozen.

Legal analysts have questioned de Moraes’ prior decision to freeze Starlink’s bank account to pay for cases related to X. While Musk owns both X and SpaceX, which operates Starlink, the two companies are separate entities.

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2 months ago
It only got to $3M because the fine increased daily. It started at zero and all he needed to do was follow the court’s orders to suspend accounts from users that were breaking the law.

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