General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsEYESORE 9001
(26,004 posts)Rump is a cautionary tale - not a role model.
alwaysinasnit
(5,075 posts)Hassin Bin Sober
(26,347 posts)emulatorloo
(44,211 posts)Cha
(297,818 posts)NullTuples
(6,017 posts)And I mean that literally and figuratively. He burned Twitter's corporate personnel infrastructure to the ground and now it turns out he really needs some of those people. That's gotta hurt his massive ego, to realize he needs another human being.
bucolic_frolic
(43,369 posts)When you start deliberately stiffing you're focusing on cash and in bk cash is king
Bernardo de La Paz
(49,052 posts)moonshinegnomie
(2,497 posts)hes basically saying it will be cheaper to pay lawsuits over it than keep his promise.
Irish_Dem
(47,528 posts)tinrobot
(10,926 posts)Creditors will get paid after employees, including severance packages.
Irish_Dem
(47,528 posts)But I hope you are right.
LetMyPeopleVote
(145,685 posts)Twitter is headed towards bankruptcy. Luckily the compensation to the employees will likely be paid in a bankruptcy
Link to tweet
https://www.rawstory.com/elon-musk-twitter-layoffs/
"Mr. Musks team is now reconsidering whether it should pay some of those months... or just face lawsuits from disgruntled former employees," the Times reports. "Many former employees still have not received any paperwork formalizing their separation from Twitter."
In addition to all this, the Times reports that Musk has even stopped paying rent for Twitter's office space.
Twitter has not paid rent for its San Francisco headquarters or any of its global offices for weeks," the paper writes. "Twitter has also refused to pay a $197,725 bill for private charter flights made the week of Mr. Musks takeover, according to a copy of a lawsuit filed in New Hampshire District Court."
Musk, who made his name as a pioneering businessman involved in electric cars and private space flight, decided to buy Twitter earlier this year as part of his effort to combat what he calls the "woke mind virus."
LiberalFighter
(51,170 posts)Without a pilot or other people. And remove parachutes.
Temeret
(80 posts)Not paying severance to someone who is fired at wanton.
tinrobot
(10,926 posts)The ex-employees could go without promised compensation for months/years.
NullTuples
(6,017 posts)Response to LetMyPeopleVote (Reply #8)
LetMyPeopleVote This message was self-deleted by its author.
peppertree
(21,688 posts)LetMyPeopleVote
(145,685 posts)RipVanWinkle
(235 posts)Don't pay your bills.
Abolishinist
(1,318 posts)so this would have no effect on the bottom line. Cash flow? Sure.
Amishman
(5,559 posts)Seems odd, I'm not used to seeing commercial leases set up that way, but I've never been involved in one that large either
whopis01
(3,527 posts)is what was meant - though oddly worded.
He took over on October 27. The November rent payment was likely in process or had already been paid before he started making changes and firing people.
Now we are two weeks past when the December payment would have been due. So my guess is that it was not paid and now it has been two weeks since it was due.
inthewind21
(4,616 posts)I really don't understand why there is a daily barrage of Tweets with a blow by blow of everything Elon Musk and why anyone should care. He seeks relevance. Just like Trump. And clearly people are more than willing to oblige. Anyone know what pajamas he wore last night?
TNNurse
(6,929 posts)LetMyPeopleVote
(145,685 posts)Abolishinist
(1,318 posts)Creepy but also lifelike and, unfortunately, true to form.
LetMyPeopleVote
(145,685 posts)Jack the Greater
(601 posts)... and the building owners are not worried at all. After all, if you can't trust someone like Elon Musk to pay his bills, who CAN you trust?
Generic Brad
(14,276 posts)He says he is, but he's acting more like a grifter who fears the jig is almost up.
chriscan64
(1,789 posts)"If you could just go ahead and move your stuff down to Storage B, that'd be great."
Sneederbunk
(14,314 posts)modrepub
(3,503 posts)Feel free to cut off the electricity to the building at your earliest convenience.
GarColga
(126 posts)you don't even get a few buildings?
Ruby the Liberal
(26,219 posts)Did he wager some sheikh $50b that he could destroy Twitter in under a year?
Or worse: $1
OMGWTF
(3,980 posts)I swear to Goddess, Eloon is trashing Twitter on purpose for the sole reason of keeping these assholes in power. The $44B is nothing.
budkin
(6,722 posts)They are suppressing his free speech!
bringthePaine
(1,733 posts)RainCaster
(10,930 posts)Who will want to do business with him after this? What executive will work for him? His goose is cooked.
Thunderbeast
(3,425 posts)Power down the server farms.
Liquidate anything of value (clearly the "brand equity" is now zero).
Distribute proceeds to pay severance obligations.
The free market will pick the carcasses of Tesla and SpaceX.
Investors put WAY too much faith in his magical management skills.
LetMyPeopleVote
(145,685 posts)Musk is taking Twitter into bankruptcy at record speed.
Link to tweet
https://www.msn.com/en-us/money/other/musk-set-to-auction-off-twitter-furniture-other-items-from-hq-as-company-is-reportedly-behind-on-rent/ar-AA15fDqe?cvid=d9a50f3e839c49bbb33f28205330584c&ocid=winp2fptaskbarhover
Elon Musk, who acquired the company in late October following a chaotic legal battle, has been trying to renegotiate the terms of the lease agreement, The New York Times reported, citing two people familiar with the discussion.
The company has received complaints from real estate and management firms like Shorenstein, which owns Twitters San Francisco headquarters.
The firm declined to comment when reached by FOX Business. Twitter cut its communications department following Musks takeover.
The company, meanwhile, is auctioning dozens of items of furniture, appliances, and memorabilia, including a large Twitter bird statue, a giant "@" sculpture, and other less interesting items like espresso machines and chairs.
The auction will be conducted online starting on Jan. 17, 2023 and closing the next day, according to Heritage Global Partners, which is organizing the sale.
Hortensis
(58,785 posts)Presumably he doesn't need all that office space either with all the cuts in personnel apparently sensible and necessary. But when my husband and I do our downsizing, I plan to do it in better style.
Blue Owl
(50,532 posts)Kennah
(14,339 posts)If those aren't owned, and Eloon isn't paying rent, Twitter could go dark on a moment's notice.
purr-rat beauty
(543 posts)Evict the POS
the rich do that to the poor all the time