"Twitter, which doesn’t have a media department, didn’t respond to a request for comment."
Just @ Elon. I'm sure he's got a "banger" reply ready to go
Twitter Sued for Nonpayment of Rent on San Francisco Office
111–120 of 250 posts
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#112Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#113Earlier quoted context omitted.
I don’t know why anyone would think otherwise, but a mediator will simply advise Twitter that they are required to pay the rent. There isn’t a negotiating tactic here that would actually work. A court would order them to pay and damage and costs and fees too. Short of bankruptcy Twitter or any organization is required to perform their end of contracts.
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This dispute isn't about their HQ, it's about some random office space elsewhere. And I don't see how moving an organization's titular headquarters has the effect of abrogating a commercial lease.
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#114Earlier quoted context omitted.
Litigation takes years to play out, paying the lease would result in bankruptcy imminently. Plan is to live another day, long enough to stabilize finances, and then unload it on the public markets where the litigation becomes somebody else's problem.
This is Musk stiffing a supplier for $100k. That seems unlikely to make their bankruptcy any more imminent. But it does signal (on the record, not just rumours) to literally anybody that Twitter is doing business with that they are distressed, and should be extended no credit. Payment up front, or no service.
it does signal ... that Twitter ... are distressed
Disagree - this is automobile industry tactics where you pay your suppliers late and short because they have no choice. Musk is negotiating for lower rent.
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#115Earlier quoted context omitted.
What a completely bizarre interpretation of contract law. Lessors may be in a bind after the lease expires, but during the term of the lease they are entitled to its terms. Nobody can simply stop performing the terms of a lease, outside of bankruptcy.
The point is they want them to renew the lease. He is likely to move it anyway, if SF keeps harassing him. They recently did inspections and threatened him with eviction.
Again, this article is not about their headquarters office on Market St.
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#116Earlier quoted context omitted.
They had a major outage a few days ago, and I see a steady stream of reports from people of little things not working.
It was not really an outage. Devices had to login again. I noticed having to do that.
Your experience was not the sum total of the incident. There was indeed a partial outage: https://news.yahoo.com/twitter-down-thousands-users-downdete...
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#117Earlier quoted context omitted.
Filing bankruptcy doesn't sheild them from a judge order to empty the building, right?
It does, but only temporarily. Think of bankruptcy as fundamentally that the debt holders take over, and so a short time is given for everything to be sorted out. Creditors are paid by priority based on lien rights and some policy preferences encoded into the bankruptcy code. Nobody gets to jump ahead in line. That is what the automatic stay does--it provides the pause to make sure nobody gets to jump ahead in line.…
UK perspective: can the landlord not instruct bailiffs to take possession of the building? Change the locks &c. This is distinct from any debts owing except that the non-payment of rent provides the grounds for obtaining a possession order.
I often see the bailiff notices on defunct companies here. There is a standard form of letter that is pasted onto the door. Quite Victorian.
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#118"Twitter, which doesn’t have a media department, didn’t respond to a request for comment."
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Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#119Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#120"Twitter, which doesn’t have a media department, didn’t respond to a request for comment."
Twitter is their media department.
Parent is likely making a referencing the fact that Musk obliterated Twitter's employee base to such a majot extent there is literally nobody left in the corporate communications department.