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by acdha
981 days ago
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It’s more that he’s chosen to call a number of people’s bluff with these “what are you going to do, sue me!” tactics. If the company was just insolvent they’d have been able to negotiate deals to do things like end leases early or defer full payments but those tactics add legal fees to the full value of each debt. |
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That's an overly charitable spin on the fact that Elon Musk's Twitter is hemorrhaging money and can't even pay the rent of their headquarters.
> If the company was just insolvent (...)
There's a big difference between being ran to the ground and actually be bankrupt. Elon Musk is still deemed one of the world's richest persons, so there is no question that the company's owner can inject capital into a failing business to pay rent.
As Elon Musk simply refuses to pay, Elon Musk's Twitter was issue an order to be evicted.
https://tech.co/news/twitter-office-eviction-unpaid-rent