E.U. Prepares Major Penalties Against X

> Unlike Google, Meta, Apple and Amazon, which are publicly traded, X is owned solely by Mr. Musk. EU regulators are considering using a piece of the law that lets them calculate a fine based on revenue that also includes other companies Mr. Musk privately controls, like his rocket maker, SpaceX. That increases the potential penalty to well over $1 billion, one person said.

Is the NYT wrong here or is the EU? It's private but it's not "solely owned" by a longshot. Either way, this is some pretty amazing Calvinball even by EC standards.

Neither NYT nor the EU is wrong. Elon's companies are, to him, fungible, with employees able to be used in any company, like when Elon borrowed engineers employed at Tesla and SpaceX to work on Twitter when he bought it. These are all separate companies on paper, but Elon treats the workers as interchangeable. He acts as if they are all owned by him, so the EU is treating them as he treats them.

That’s a good explanation of how Elon is also wrong, I guess, but the NYT or EU is still wrong too.