Special counsel Jack Smith’s team obtained a search warrant in January for records related to former President Donald Trump’s Twitter account, and a judge levied a $350,000 fine on the company for missing the deadline to comply, according to court documents released Wednesday.
Important to note that these fines were to enforce compliance, and they worked.
Twitter finally fulfilled their legal obligation before the cost really balooned, which was the entire point of the fine.
Thanks for actually providing some context.
Some more for ya: The fine started as a 50k fine, but then doubled every day it wasn’t paid. So it only took them a few days to actually pay it to stop the fines.
That’s good to know! I was initially confused about how you double a $50k amount and get to $350k, but I’m guessing it works as an additional fine every day and is like:
Now that is more compelling than a $350,000 slap on the wrist. That was a rapidly approaching trainwreck they were naturally interested in avoiding.
Which is honestly how I’m starting to feel all corporate fines should be. You want to slow walk a solution or request for a few days to feel big, you can do that for a few hundred thousand or more (that’s free money baby, and it should be put towards the public). You want to actually play hard ball? You will be staring down the barrel of complete financial ruin.
Now if we can just add more opportunity for criminal charges I’ll be happy.