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(Gizmodo)   ♬ They paved Elon's paradise and put up a parking lot. ♬   (gizmodo.com) divider line
    More: Amusing, Local government in the United States, Elon Musk, City council, Hawthorne, California, Boca Chica, Councillor, Boca Chica Key, Hyperloop's inaugural tunnel  
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2105 clicks; posted to STEM » and Business » on 04 Nov 2022 at 6:55 AM (12 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



16 Comments     (+0 »)
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2022-11-04 7:07:44 AM  
About time they pulled that out.

200mph Hyperloop.... BUSTED!
Youtube vwLnyzyybYs
 
2022-11-04 7:11:58 AM  
media.tenor.comView Full Size
 
2022-11-04 7:34:35 AM  
'I swear it's not that hard'
 
2022-11-04 7:44:09 AM  

Zenith: 'I swear it's not that hard'


Fark user imageView Full Size
 
2022-11-04 7:54:50 AM  
Question for legal Farkers: If Elon Musk bought Twitter and took it private, does that mean he has liability and not the corporation? After all, I think he even made himself the sole director and fired all the others.

Like, if Twitter does something bad, could people sue him personally and win?
 
2022-11-04 8:01:56 AM  

bostonguy: Question for legal Farkers: If Elon Musk bought Twitter and took it private, does that mean he has liability and not the corporation? After all, I think he even made himself the sole director and fired all the others.

Like, if Twitter does something bad, could people sue him personally and win?


I'd imagine corporate liability shields still apply, and a hefty insurance policy likely exists.

However, it does detract from personal value, and it also has utterly ruined his reputation, so while money is the root of all evil and he likely won't be financially hurt from it, we can enjoy Elmo's transformation into the Kanye of Tech.
 
2022-11-04 8:02:55 AM  

bostonguy: Question for legal Farkers: If Elon Musk bought Twitter and took it private, does that mean he has liability and not the corporation? After all, I think he even made himself the sole director and fired all the others.

Like, if Twitter does something bad, could people sue him personally and win?


I'm not a legal farker, but I think, if it's a limited company they couldn't sue him
 
2022-11-04 8:03:38 AM  

bostonguy: Question for legal Farkers: If Elon Musk bought Twitter and took it private, does that mean he has liability and not the corporation? After all, I think he even made himself the sole director and fired all the others.

Like, if Twitter does something bad, could people sue him personally and win?


The company acts as a legal person itself, so -- in principle -- liablities only accrue to the company, rather than the directors and/or shareholders. Commonly this is called the "corporate shield".

There are exceptions, however. Say, a director causing a company to act in extreme bad faith (Enron) or causing personal injury from gross directorial negligence (that last one is rather a high bar, though). I'm sure better farkers can say more.
 
2022-11-04 8:16:50 AM  
The hyperloop did exactly what it was supposed to, suck support away from high speed rail in California
 
2022-11-04 8:30:20 AM  

bostonguy: Question for legal Farkers: If Elon Musk bought Twitter and took it private, does that mean he has liability and not the corporation? After all, I think he even made himself the sole director and fired all the others.

Like, if Twitter does something bad, could people sue him personally and win?


It's still a corporation with all of the legal and tax protections directors, officers, and staff get from it - it's just no longer publicly traded. Being the sole director vs one of many doesn't make him more susceptible to personal liability regarding his actions as a director. And D&O insurance covers him.
 
2022-11-04 10:31:14 AM  

Running a-puck: The hyperloop did exactly what it was supposed to, suck support away from high speed rail in California


c.tenor.comView Full Size
 
2022-11-04 10:31:14 AM  
Currently the largest vacuum chamber on earth is NASA'sSpace Power Facility, which takes several days to go from one atmosphere to total vacuum.

Assuming a 4 metre diameter tunnel (based on the TBM he bought), the volume of Hyperloop's tunnels would exceed the volume of the SPF when around 2.6km in length.

Now the SPF aims for total vacuum, while Hyperloop only requires reduced air pressure, however the SPF is a completely sealed system while Hyperloop expects to have passengers jumping on and off.
 
2022-11-04 11:09:28 AM  

bostonguy: Question for legal Farkers: If Elon Musk bought Twitter and took it private, does that mean he has liability and not the corporation? After all, I think he even made himself the sole director and fired all the others.

Like, if Twitter does something bad, could people sue him personally and win?


It's still a company which takes the hit not Elon. That being said Twitter without revenue needs capital from somewhere to survive. So either it's going to suck Elon who has no cash dry or it's going to go bankrupt real fast.
 
2022-11-04 11:17:09 AM  
In a few years we'll be inundated with stories about how and why hyperloop technology failed, and how nobody saw it coming... even though sooooooo many people saw it coming from the very beginning.
 
2022-11-04 4:42:37 PM  
i.imgflip.comView Full Size
 
2022-11-05 8:50:17 AM  
Boring Company tech may come in handy now that nuclear war is on the table again.
 
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