Josh SternbergDec 13, 2022

Rome falls slowly, then all at once:

NYT: "To cut costs, Twitter has not paid rent for its San Francisco headquarters or any of its global offices for weeks, three people close to the company said. Twitter has also refused to pay a $197,725 bill for private charter flights made the week of Mr. Musk’s takeover, according to a copy of a lawsuit filed in New Hampshire District Court and obtained by The New York Times."

https://www.nytimes.com/2022/12/13/technology/elon-musk-twitter-shakeup.html

Musk Shakes Up Twitter’s Legal Team as He Looks to Cut More Costs

Twitter has stopped paying rent on offices and is considering not paying severance packages to former employees, among other measures.

The New York Times
Show threadWiredfire 

@joshsternberg to its credit, Twitter is hanging on longer than I originally thought. Always felt like a stay of execution though.

Advertisers running away, talent mostly gone, numerous potentially costly legal challenges coming up, but hey they'll be upping the post limit to 4000 characters so yay?

I really can't see it lasting long now. Though I expected a dramatic technical failure but simply running out of money will do the trick.

Dec 13, 2022 at 9:34pmWeb
Show threadSouthSalitoDec 13, 2022
@wiredfire @joshsternberg
It barely made a profit before. Now it’s buried with massive debt and at least less than half of its revenue… 😬
Show threadChris BroomeDec 13, 2022
@wiredfire @joshsternberg it’s really a credit to the pre-Musk Twitter org that they built a resilient application.