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At first I thought the headline was $14B with a "B," as in billions, but it's actually only $14M, as in millions. That's peanuts for Twitter, whose last balance

by cs702 4y ago

At first I thought the headline was $14B with a "B," as in billions, but it's actually only $14M, as in millions. That's peanuts for Twitter, whose last balance sheet as a public company, as of June of last year, showed $2.7B in cash and $3.4B in short-term investments. If I had to make a bet, I'd say the company will likely negotiate its way to settle these claims for less than 100 cents on the dollar. The vendors asking for payment will realize it's better to get some cash upfront than to drag this on and on.

shagie 4y ago
> Twitter, which is now private, no longer reports its financial details publicly. The company reported last year that it owed $239 million primarily for office space and data center facilities in 2023. > In a January lawsuit, Canary LLC, a marketing company that specializes in producing the kinds of logo-decorated items ubiquitous among Silicon Valley tech companies, claimed Twitter is behind payment on almost $400,000 for various Twitter-branded swag. > The company’s court filings included the almost $7,000 purchase order describing a “swag gift box for Elon.” An invoice for the order included a sandblasted logo on a Japanese whisky bottle, an extra-large bomber jacket and more than $250 worth of socks. --- For some of them, it might be a bit more personal. They aren't all "trying to get back rent on a building that Twitter previously occupied" but rather "stuff that Elon ordered." The data center could be interesting to watch too.
- seymourhersh 4y ago
  [dead]
- rsynnott 4y ago
  > and more than $250 worth of socks. This reinforces my thesis that Musk is basically the George IV character from Blackadder 3: https://www.youtube.com/watch?v=TvfC9xcpu-0 https://www.youtube.com/watch?v=TvfC9xcpu-0
  - shagie 4y ago
    Getting a bit into the personal domain, I would suggest reconsidering the last statement by George and Musk's record on that matter.
iancmceachern 4y ago
$14m is a lot to the vendors. A few thousand could be enough to significantly impact their business or even loose it.

by cs702 4y ago

shagie 4y ago

> Twitter, which is now private, no longer reports its financial details publicly. The company reported last year that it owed $239 million primarily for office space and data center facilities in 2023. > In a January lawsuit, Canary LLC, a marketing company that specializes in producing the kinds of logo-decorated items ubiquitous among Silicon Valley tech companies, claimed Twitter is behind payment on almost $400,000 for various Twitter-branded swag. > The company’s court filings included the almost $7,000 purchase order describing a “swag gift box for Elon.” An invoice for the order included a sandblasted logo on a Japanese whisky bottle, an extra-large bomber jacket and more than $250 worth of socks. --- For some of them, it might be a bit more personal. They aren't all "trying to get back rent on a building that Twitter previously occupied" but rather "stuff that Elon ordered." The data center could be interesting to watch too.

seymourhersh 4y ago
[dead]
rsynnott 4y ago
> and more than $250 worth of socks. This reinforces my thesis that Musk is basically the George IV character from Blackadder 3: https://www.youtube.com/watch?v=TvfC9xcpu-0 https://www.youtube.com/watch?v=TvfC9xcpu-0
- shagie 4y ago
  Getting a bit into the personal domain, I would suggest reconsidering the last statement by George and Musk's record on that matter.

iancmceachern 4y ago

$14m is a lot to the vendors. A few thousand could be enough to significantly impact their business or even loose it.