Thrag
5025
Let him among you who has not tried to figure out what something is for by turning it off and seeing who complains throw the first switch.
So let it be written, so let it be done.
Meanwhile, Twitter the company is now nothingtoseehere.gif
Some highlights:
Over the past few weeks, Twitter had stopped paying millions of dollars in rent and services, and Mr. Musk had told his subordinates to renegotiate those agreements or simply end them. The company has stopped paying rent at its Seattle office, leading it to face eviction, two people familiar with the matter said. Janitorial and security services have been cut, and in some cases employees have resorted to bringing their own toilet paper to the office…
At Twitter’s San Francisco headquarters, where the company has missed rent payments, Mr. Musk has done the same, consolidating workers onto two floors and closing four. He also canceled janitorial services this month, after those workers went on strike for better wages…
That has left the office in disarray. With people packed into more confined spaces, the smell of leftover takeout food and body odor has lingered on the floors, according to four current and former employees. Bathrooms have grown dirty, these people said. And because janitorial services have largely been ended, some workers have resorted to bringing their own rolls of toilet paper from home…
Mr. Davis has directed Twitter employees to delay paying various contractors or vendors and try to negotiate those bills to smaller amounts, according to two people familiar with his instructions. The cost of one of the company’s largest contracts, with the consulting megafirm Deloitte, has been a point of particular concern for Twitter’s leadership, which wants to reduce the fees the company pays for security, tax preparation and other services, the two people said. The company has skipped payments to KPMG, an accounting and consulting firm that had been working on matters related to compliance with the Federal Trade Commission, they said.
But there is some good news. They’re hiring!
Have fun trying to stick it to KPMG and Deloitte, my god
Twitter: lunch is no longer included, but the skid marks are free!
So from figurative dumpster fire to literal dumpster? 50% mission accomplished!
rho21
5032
These workers are next for the chopping block. It’s obvious they’re not hardcore enough.
DoubleG
5033
The ads I’m now getting on Twitter are stuff from old late night cable, like kitchen gadgets and investment schemes in gold. It’s kinda charming!
That’s all terrible, and I’m sure everyone will go talk about it on Twitter.
It’s increasingly clear that people are going to stick with Twitter no matter what Musk does, which is an almost unspeakably awful conclusion to this little drama. Consider the lessons being learned here by other shitty CEO’s, it’s like every wannabe dictator watching Trump and learning that there are no consequences for anything.
In short:
Alstein
5035
This is why I was all twitter delenda est. It’s in the national interest now for twitter to fail, social media too big to fail is a massive problem.
Yeah, I’m right there with you Cato. Burn it to the ground before it does any more harm.
What makes you think this is over? Even if people stick around, Twitter is still losing money and still falling apart.
Alstein
5039
That’s really the only hope, that it’s too much of a money pit, but Elon will spend whatever it takes to keep relevance/influence, and folks have sunk cost fallacy hard, including Elon
abrandt
5040
His ridiculous cost cutting effort doesn’t scream “I’m willing to drop unlimited money in this pit to keep it going”.
There’s some joyful calculus going on in this equation. The more Elon spends of his own money to keep Twitter afloat, the more he devalues the rest of his stock holdings. The process isn’t linear, so you can’t look at his total worth today and project out how long he can keep this up.
What happens if Twitter files for bankruptcy? Maybe he loses control of the company to creditors who are more level headed / neutral.
He will.
And it will be absolutely delicious to see him spend more and more money to make himself look even more and more pathetic in 2023. He can’t help himself.
We’re just getting started, folks.
Mostly I’m just trying to set my expectations as low as possible. “Nothing has any consequences” has, after all, been the theme of the decade so far.
True, but neither does anything he’s doing speak to rational decision making.
We can hope. I have to admit, thoughm the Trump parallels here make me look at the chain of reasoning at each step in that article and say “what if he just doesn’t?” What are the real consequences of just refusing to engage with the usual processes here?
It’ll certainly be interesting if he can squat on his existing real estate footprint without paying. Maybe he can delay eviction in court for a while with an army of lawyers (though that also seems expensive?). Twitter’s infrastructure is still in-house, so it has to live somewhere. I’m less concerned about office space being closed as his staff shrinks and perhaps are allowed to work from home.
