Elon Musk frequently told Twitter staff 'let them sue' in response to vendors and landlords complaining about unpaid bills, report says
Elon Musk has repeatedly said"let them sue," as unpaid bills for Twitter's vendors have piled up since his takeover, theAfter Musk's $44 billion takeover of Twitter, he formed a"transition team" of trusted lieutenants in November, tasked with cutting costs, per the FT. The team frequently refused to compensate Twitter's vendors, landlords, and partners in an effort to keep costs low, the report added.
"Elon would always say 'Let them sue', it was a constant refrain," a former senior staffer who was laid-off in the latest cuts told the FT."It's all very short-term thinking." The transition team is reportedly headed by Boring Company CEO and long-time associate of Musk, Steve Davis, who focuses on reducing day-to-day costs at Twitter. He has cut close to $1 billion in costs at Musk's request, perMusk is also said to be working with his investors to work out how to deal with the existing vendor situation.
These vendors range from landlords, companies like Salesforce, Adobe, and Slack, insurance providers, security, limo services, and fertility providers. According to the FT, Pablo Mendoza, a managing director at Vy Capital – who funded $700 million of his $44 billion Twitter takeover – has helped to negotiate some bills down by as much as 90%. Mendoza sometimes plays on vendors' emotions, telling them that his job is at risk if bills are not cut, the FT said. Musk, who has claimed he had to
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Elon Musk says Twitter will open source its recommendation code on March 31Twitter CEO Elon Musk has announced that the company will open source the code used to recommend tweets on March 31st.
Les mer »
Dogecoin Price up 6% as Elon Musk and DOGE Founder Take Jab at Jim CramerDogecoin rises 6% as elonmusk and $DOGE founder BillyM2k troll anti-crypto CNBC host jimcramer
Les mer »
Elon Musk Is Super Pissed OpenAI Became Successful After He LeftElon Musk, who was a co-founder of OpenAI, hasn't shied away from expressing his disdain (or horror) over the company's newfound direction and success.
Les mer »
Elon Musk’s Starlink linked to illegal mining in BrazilReports this week revealed that illegal gold miners in Brazil’s Amazon have been using Musk’s Starlink internet technology for their operations.
Les mer »
Analysis | Be skeptical of Elon Musk’s claims of educational ‘indoctrination’For a variety of reasons, college students are a useful foil for the political right.
Les mer »
Elon Musk brought internet to Brazil’s Amazon and criminals love itBrazilian federal agents aboard three helicopters descended on an illegal mining site on Tuesday in the Amazon rainforest.
Les mer »