31–40 of 250 posts
> Twitter hasn’t paid rent on its headquarters, or any of its other global offices, in weeks, the New York Times reported on Dec. 13. Isn’t rent paid once per month? When I was a renter, this could’ve been said about me literally every month, once two weeks had elapsed between payments.
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Tesla stock is down 69% (yes, really) over the past 12 months, and part of what's triggering the price collapse is Musk's own sell-off. When a CEO divests from their company, markets historically do not react with confidence. The more Elon Musk sells, the less value he has and the more stock he'll have to sell the next time that he wants to leverage his wealth to buy something pointless.
Bezos is selling off tens of billions of Amazon stock a year. Amazon stock doesn’t seem to be reacting to it. I don’t think the market reacted so much to Musk vs the fact that Tesla selling prices have plummeted because it turns out they’ve saturated their market (but until then people believed in the hockey stick growth). It was obviously ridiculous because secondary market sales higher than direct sales cannot be s…
Why do people worship this clown again?
None of this is as interesting as most people seem to think. Businesses do lots of stuff to negotiate and renegotiate and bully / squeeze / etc. each other. It will likely be worked out without the lawsuit actually making its way through the court system.
> Businesses do lots of stuff to negotiate and renegotiate and bully / squeeze / etc. each other. The United States elected a President who bragged about doing exactly this, so it’s a little odd that it appears unfamiliar to most here.
Seems HN is does not have expertise in this and who holds the cards in the current market in SF. The lease previously negotiated by the past regime has little relevance as Twitter is currently occupying less than 50% of the floor space. The landlord has to either accept lower payment, or look for a new tenant and Twitter moves to Austin. Given the current environment in SF, it's likely a new tenant won't be found for…
Earlier quoted context omitted.
Tesla stock is down 69% (yes, really) over the past 12 months, and part of what's triggering the price collapse is Musk's own sell-off. When a CEO divests from their company, markets historically do not react with confidence. The more Elon Musk sells, the less value he has and the more stock he'll have to sell the next time that he wants to leverage his wealth to buy something pointless.
Bezos is selling off tens of billions of Amazon stock a year. Amazon stock doesn’t seem to be reacting to it. I don’t think the market reacted so much to Musk vs the fact that Tesla selling prices have plummeted because it turns out they’ve saturated their market (but until then people believed in the hockey stick growth). It was obviously ridiculous because secondary market sales higher than direct sales cannot be s…
Earlier quoted context omitted.
I agree this is where things are headed. Is it a sure thing that Elon maintains control in a restructuring?
Usually not. Typically in a bankruptcy the debtholders become the new shareholders and then replace existing management with ones more friendly to their interests.
Luckily they don't need an office with their great remote work policy. Oh... wait.
Yes, on November 11, it was (https://apnews.com/article/elon-musk-twitter-inc-technology-...) “an email to employees from Musk on Wednesday night ordering workers to stop working from home and show up in the office Thursday morning”, but that was ages ago. Last week, we got (https://nypost.com/2022/12/30/twitter-closing-seattle-office...): “Twitter is closing down its Seattle offices and telling employees to work from home”
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What would "strong rights" look like? They can pursue violations of contracts, as this landlord is doing.
I think 'strong rights' would be the right to quickly forcibly evict a non-paying renter.
Though for a delay of 15 days nobody will be getting the trucks ready yet