Happening in Seattle too (minus the suing), seems like a trend: https://www.seattletimes.com/business/facing-eviction-twitte...
Twitter Sued for Nonpayment of Rent on San Francisco Office
241–250 of 250 posts
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#242Do these lawsuits usually end with a significant punitive fee? If it's just a small, if any part, on top of rent it's a free loan - which is very scammy but similar to tax optimization, what is possible will be done.
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#243Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#244Earlier quoted context omitted.
I don't think anyone is truly shocked by the notion that Twitter is over-staffed with a lot of fat it can cut. They were not exactly employing a lot of "builders", as they had not updated any new features for quite some time.
This reply seems to be assuming (like Musk seems to have done when he came in with the kitchen sink) that the only jobs of relevance there are engineers and product folks building new features yet the loss of their important revenue streams that are causing an existential crisis for the company seem to be primarily about losing people with "softer" jobs like compliance and advertiser relations. I'm sure there was som…
When turning around a company, it's not uncommon strategy to move fast even if it creates a little chaos. There's been business books written about it. Some call it chaos theory. The new ceo comes in makes some important early decisions, stirs the pot a little. Meanwhile, the things needing to get done get done. When dealing with a large or semi-large organization that has a strong built-in stasis, not sure there is a better way.
And, to be sure, Musk has gotten alot done in just a short time. He cut expenses, did a re-org of the company, and even did some product improvements, all while overseeing a massive document dump via the Twitter files in the interest of transparency. We can debate relative significance of all these things, but these are not trivial things.
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#245Earlier quoted context omitted.
They don't need to evict: they can lock the doors and turn power off to all computers.
Commercial landlording is different than residential, but in residential, just changing the locks sets you up for a lot of trouble. Power would only really be an issue if anything important was running in their offices, but running servers in the office has been unfashionable for quite some time, so I wouldn't expect much if anything to break there.
I will bet my keyboard that every big tech company ends up having some mission critical thing running on a machine in their office. They don't know they have that thing, but it's there and will become apparent when the power is shut off.
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#246Earlier quoted context omitted.
Maybe Musk has changed his mind about remote work:) Certainly don't need that office if you're employees work form home.
My jaded opinion is that Musk may not really care about remote work, but it turns out return-to-office requirements are a useful way to get people to leave without having to fire or lay them off, and bypass stuff like the WARN act. > “Day zero. Sharpen your blades boys," Calacanis texted Musk. "2 day a week Office requirement = 20% voluntary departures.” https://mashable.com/article/elon-musk-twitter-text-messages...
I think it's both -- I do think he's against remote work (remember his remarks at Tesla "pretend to work somewhere else": https://www.forbes.com/sites/annakaplan/2022/06/01/musk-says...) but also it's a great way to cheaply get rid of a lot of employees who were told they could WFH forever.
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#247Earlier quoted context omitted.
F150s have gasoline, which is known to catch fire. In fact, that's kind of the whole point of gasoline: it it flammable. With a car fire, it is simply that the fire has escaped the part of the vehicle where the fire is supposed to be contained. EVs are not supposed to catch fire, thus it is news when they do.
Lithium isn't supposed to be flammable but gasoline is in your mind? What kind of logic is that? Both are flammable and both take as many precautions as possible (with our knowledge) to not be in a car, but still can in extreme conditions (crashes). The main difference is chemical fires are harder to put out, but you just have to carry the right suppressant. But with Tesla, yes they make the news than other cars, inc…
No, Tesla makes the news more than other cars, including other EVs, because they try to market themselves as the best, safest vehicle but they have substantially worse build quality, abysmal software (i.e., AP/FSD), highest likelihood of being in an accident (whether on an absolute basis or adjusted for market share), and the highest fatality rate of any vehicle in their class (luxury vehicles) compared to all other manufacturers worldwide.
It's not politics, it's people targeting the sheer incompetence and hypocrisy that is Tesla.
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#248Earlier quoted context omitted.
Lithium isn't supposed to be flammable but gasoline is in your mind? What kind of logic is that? Both are flammable and both take as many precautions as possible (with our knowledge) to not be in a car, but still can in extreme conditions (crashes). The main difference is chemical fires are harder to put out, but you just have to carry the right suppressant. But with Tesla, yes they make the news than other cars, inc…
No, Tesla makes the news more than other cars, including other EVs, because they try to market themselves as the best, safest vehicle but they have substantially worse build quality, abysmal software (i.e., AP/FSD), highest likelihood of being in an accident (whether on an absolute basis or adjusted for market share), and the highest fatality rate of any vehicle in their class (luxury vehicles) compared to all other…
Lol ok.
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#249One thing is for sure, if Twitter ever is looking for new space they will have trouble finding a commercial landlord willing to lease to them. Perhaps a smaller space in the same area as a larger space they had but closed, this behavior makes it more difficult to do business int he future for them.
Lol no they won't. They are desperate for anyone they can get
Not really. Sears and JcPenny's are desperate for customers, but they're not giving stuff away. The 10% return they get from liquidating the inventory and store fixtures.
Same here. Liquidating the vacant property, even at a net loss (which likely wouldn't be the case, if they've owned the property for more than a few years they likely would walk away net positive) would be the best course of action, not giving free rent to a billionaire.
Re: Twitter Sued for Nonpayment of Rent on San Francisco Office
#250Earlier quoted context omitted.
Lol no they won't. They are desperate for anyone they can get
Not really. Sears and JcPenny's are desperate for customers, but they're not giving stuff away. The 10% return they get from liquidating the inventory and store fixtures. Same here. Liquidating the vacant property, even at a net loss (which likely wouldn't be the case, if they've owned the property for more than a few years they likely would walk away net positive) would be the best course of action, not giving free…
What an inapplicable analogy