Twitter hasn't paid rent in its offices for weeks

[Temeret]

Wow.

Link to tweet

?s=46&t=YqvjXjl08xRQu-guhr4u-w

[EYESORE 9001]

1. He becomes more like Cheeto Benito with each passing day

Rump is a cautionary tale - not a role model.

[alwaysinasnit]

2. "Cheeto Benito" - I love it!

[Hassin Bin Sober]

4. .

[emulatorloo]

5. ...

[Cha]

3. Why the hell not? Too cheap? nt

[NullTuples]

32. Probably fired everyone with the institutional knowledge of how to pay the rent.

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]

6. OK that's it, that's confirmation bankruptcy is imminent in the months ahead

When you start deliberately stiffing you're focusing on cash and in bk cash is king

[Bernardo de La Paz]

30. Nope. He simply fired the functionaries who did boring stuff like pay bills. . . . . nt

[moonshinegnomie]

7. hes also threatening to withhold promised severance

hes basically saying it will be cheaper to pay lawsuits over it than keep his promise.

[Irish_Dem]

11. They'll have to get in line with the other creditors?

[tinrobot]

17. Employees get paid first.

Creditors will get paid after employees, including severance packages.

[Irish_Dem]

18. If they resigned, Musk will argue they are ex-employees?

But I hope you are right.

[LetMyPeopleVote]

8. Elon Musk mulls axing severance pay for laid off workers and has stopped paying office rent

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/

Although the company had previously committed to pay out two months pay and one month's severance pay to laid off employees, Musk has been mulling rescinding that pledge, even though he knows it would embroil the company in costly labor lawsuits.

"Mr. Musk’s 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. Musk’s 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]

9. That airline should provide him a free last flight.

Without a pilot or other people. And remove parachutes.

[Temeret]

10. Is that legal?

Not paying severance to someone who is fired at wanton.

[tinrobot]

19. Not legal. But still a legal battle.

The ex-employees could go without promised compensation for months/years.

[NullTuples]

33. Do people like Musk or Trump care if it's legal?

[peppertree]

35. The Apartheid Ape

[LetMyPeopleVote]

13. can't believe "just stop paying the bills" hasn't occurred to me as a cost-cutting measure

Link to tweet

[RipVanWinkle]

14. There's one way to make a profit.

Don't pay your bills.

[Abolishinist]

37. They are no doubt on an accrual based accounting system,

so this would have no effect on the bottom line. Cash flow? Sure.

[Amishman]

15. Is the rent weekly?

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]

45. My guess is that they are weeks late on rent

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]

48. Exactly

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]

16. They do not own the building???

[LetMyPeopleVote]

20. Musk-Rat

Link to tweet

[Abolishinist]

38. My compliments to the creator of those representations!

Creepy but also lifelike and, unfortunately, true to form.

[LetMyPeopleVote]

40. Yes, this is very true to the inner nature of the Musk-Rat

[Jack the Greater]

21. I'm sure it's just a minor oversight that will be corrected shortly

... 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]

22. I'm starting to think he's not a billionaire

He says he is, but he's acting more like a grifter who fears the jig is almost up.

[chriscan64]

23. "Yeah, Elon, what's happening?"

"If you could just go ahead and move your stuff down to Storage B, that'd be great."

[Sneederbunk]

24. No need when you are going to file bankruptcy.

[dchill]

25. Eek!

[modrepub]

26. Dear Landlord

Feel free to cut off the electricity to the building at your earliest convenience.

[GarColga]

27. For 44 billion dollars

you don't even get a few buildings?

[Ruby the Liberal]

28. I'm starting to think this was side bet.

Did he wager some sheikh $50b that he could destroy Twitter in under a year?

Or worse: $1

[OMGWTF]

29. Twitter is how the masses have organized against the dictators and oligarchs

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]

31. Only "woke" landlords will care!

They are suppressing his “free speech!”

[bringthePaine]

34. just another deadbeat oligarch asshole🙄

[RainCaster]

36. This is Elons farewell to high finance

Who will want to do business with him after this? What executive will work for him? His goose is cooked.

[Thunderbeast]

39. Change the locks.

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]

41. Musk set to auction off Twitter furniture, other items as company is reportedly behind on rent

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

Twitter is reportedly auctioning off items from its headquarters and has not paid rent at its San Francisco and global office for several weeks in a bid to slash costs.

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 Twitter’s San Francisco headquarters.

The firm declined to comment when reached by FOX Business. Twitter cut its communications department following Musk’s 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]

44. Good grief. "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."

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]

42. What a fucking bum

[Kennah]

43. What of the data centers?

If those aren't owned, and Eloon isn't paying rent, Twitter could go dark on a moment's notice.

[purr-rat beauty]

46. It's only fair to...

Evict the POS

the rich do that to the poor all the time

[LetMyPeopleVote]

47. Musk is a deadbeat

Link to tweet

[LetMyPeopleVote]

49. Amazing billionaires can just stop paying rent and bills and continue on like it's no big deal

Link to tweet