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> real estate Reports began surfacing as early as December that Musk is refusing to pay rent for Twitter's offices (https://www.cnbc.com/2022/12/13/twitter-rep

by kibwen 4y ago

> real estate Reports began surfacing as early as December that Musk is refusing to pay rent for Twitter's offices (https://www.cnbc.com/2022/12/13/twitter-reportedly-hasnt-paid-rent-on-its-office-spaces-for-weeks.html https://www.cnbc.com/2022/12/13/twitter-reportedly-hasnt-pai...), so we already know what his tactic is there. One might even be sympathetic, were it not for the fact that he also nixed WFH and ordered everyone back into the offices that he now refuses to pay for.

jurassic 4y ago
I’m never sympathetic toward billionaires that don’t pay their bills.
tablespoon 4y ago
> Reports began surfacing as early as December that Musk is refusing to pay rent for Twitter's offices... And what's the strategy there? Isn't the best that can be expected is Musk kicks the can down the road, and in the end pays the rent plus $$$ in legal fees? I'm sure someone will say Musk is a billionaire and they can weasel out of anything in the legal system, but he wasn't able to do that for the Twitter acquisition and wouldn't a lease be a pretty air-tight contract?
- lesuorac 4y ago
  > And what's the strategy there? Isn't the best that can be expected is Musk kicks the can down the road, and in the end pays the rent plus $$$ in legal fees? I mean if you don't have any money right now; paying $X+N later sounds better than paying $X now when you don't have X.
- lamontcg 4y ago
  No, the best outcome is actually that Musk is in a negotiable position since due to office vacancies those properties would just sit vacant. That means he likely can manage to settle for less than his current rent because the owners will be willing to negotiate -- because some money is still better than no money.
lokedhs 4y ago
They tried that with their Singapore office and the landlord just walked the staff out of the building. Apparently that caused them to pay up pretty quickly. https://news.yahoo.com/twitter-employees-escorted-singapore-office-150300372.html https://news.yahoo.com/twitter-employees-escorted-singapore-...

by kibwen 4y ago

jurassic 4y ago

I’m never sympathetic toward billionaires that don’t pay their bills.

tablespoon 4y ago

> Reports began surfacing as early as December that Musk is refusing to pay rent for Twitter's offices... And what's the strategy there? Isn't the best that can be expected is Musk kicks the can down the road, and in the end pays the rent plus $$$ in legal fees? I'm sure someone will say Musk is a billionaire and they can weasel out of anything in the legal system, but he wasn't able to do that for the Twitter acquisition and wouldn't a lease be a pretty air-tight contract?

lesuorac 4y ago
> And what's the strategy there? Isn't the best that can be expected is Musk kicks the can down the road, and in the end pays the rent plus $$$ in legal fees? I mean if you don't have any money right now; paying $X+N later sounds better than paying $X now when you don't have X.
lamontcg 4y ago
No, the best outcome is actually that Musk is in a negotiable position since due to office vacancies those properties would just sit vacant. That means he likely can manage to settle for less than his current rent because the owners will be willing to negotiate -- because some money is still better than no money.

lokedhs 4y ago

They tried that with their Singapore office and the landlord just walked the staff out of the building. Apparently that caused them to pay up pretty quickly. https://news.yahoo.com/twitter-employees-escorted-singapore-office-150300372.html https://news.yahoo.com/twitter-employees-escorted-singapore-...