Diogo Freire
Paul Haddad 
Anyone want to bet he figured out a way to fire them and not pay out? My guess, bankruptcy filing incoming…
🛒 ᗰYᑕᗩᖇT 🛒@paul Sadly, no one would be surprised by that announcement.
Bud Gibson@paul I think he’s going to force them to litigate and then bury them there. He doesn’t have to file bankruptcy. He just has to outlast them, and he has many more resources.
Ben Sandofsky@BudGibson @paul that’s why it’s common to get employment lawyers who work on contingency.
@sandofsky @paul I wonder if the contingency won’t be the issue though. What’s the expected payoff? If the accelerated options are in the tank, maybe not much.
Gerty Steinblatt@BudGibson @paul
Does he really? He won't use his own funds for bird legal costs (demanded up front for sure). Litigating gold chute suits purposely breached when keeping them is cheaper will prolly question the bankruptcy claim. He'll defo be sued & he'll lose. Outwaiting could easily fail. I'm interested to watch him try to claim bankruptcy and have teh bird place cease trading. Not that I'd mind, but boatloads of others will. How likely do you think the gov't won't step in w/taxpayer cash?
Does he really? He won't use his own funds for bird legal costs (demanded up front for sure). Litigating gold chute suits purposely breached when keeping them is cheaper will prolly question the bankruptcy claim. He'll defo be sued & he'll lose. Outwaiting could easily fail. I'm interested to watch him try to claim bankruptcy and have teh bird place cease trading. Not that I'd mind, but boatloads of others will. How likely do you think the gov't won't step in w/taxpayer cash?
Geoff 🏴@BudGibson @paul Or simply lose and pay out the stock when it's worthless?
@paul Doesn’t have to be imminent. By the time they lawyer up and the case goes to court, I’m guessing it’s at least a year.
@sandofsky I'm sure there was some math done based on how long they can easily delay vs when they planned to file.
Don Whiteside@paul @sandofsky I would like to suggest that perhaps today is not the day to start believing that decisions at that organization are made based on any sort of data and planning.
theJingsterTwitter is Going Great! (@[email protected])
Content warning: Twitter is being sued by multiple companies over unpaid bills
Matt Thomas@paul it wouldn’t surprise me. I know that one of the folks on that list was very upset about the massive layoffs and worked extra to find new jobs for ex-Twitter employees, but was cautious from making public statements and losing any payout.
MythicNation :xbox:
midwesterner 🦬@Matt_thoms @paul Get an app that lets you follow hashtags and follow lots of them. It's the best way to populate your feed with useful stuff.
@midwesterner @paul does Ivory have that?
@Matt_thoms @paul Not sure, i don't have an iPhone.
I use #Elk on #Android (https://elk.zone)
@midwesterner I will have to look into it.
Sean@Matt_thoms @midwesterner @paul yes Ivory allows you to add hashtags to follow. And even highlights the hashtags in your timeline messages so you can tell why that message is there.
SloanLA@paul Have to wonder if a lot of his TSLA stock sales were to get as much cash for himself as possible as everything swirls the toilet…
Everton Favretto@paul If he wants to scare the remaining advertisers...
Mark G. Davis 💬@paul I had said from the beginning that this was the plan all along. I think we’ll be seeing it soon.
Slade Watkins@paul Yep. Wouldn't even be shocked.
Ged Maheux@paul He’s not paying the janitors so yeah, there’s no way he’s going to pay golden parachutes.
Tauss.@paul this would be absolutely INSANE, but not insane enough that to it outside the realm of possibility. Would be a crazy series of events for sure
Wes@paul and every acquisition in the future just became a little more expensive. “Of course we are excited to join BigCo and have no doubt that everyone wants this to succeed. But <points at Twitter> we are going to need a much bigger % of that purchase price in cash paid on delivery.”
Slurpfur@paul 0÷4 is still zero!
@paul
I never thought before about the relationship between vesting and INvesting. Irrelevant, but it gives me an etymology happy. :)
I never thought before about the relationship between vesting and INvesting. Irrelevant, but it gives me an etymology happy. :)
Romolo S.@paul but what would happen with the 44 billion he got from banks?
kira :3@paul i'm 50/50 on that or elon just doesn't think about the consequences of anything (ofc bankruptcy filing could still be imminent)
Alex
Jocelynephiliac 
@paul how does one accelerate stock vestment when there os no longer a stock?
Jacob Tender@paul not sure what this is supposed to mean. One of those people was my last employer. They were one of two founders brought in when the company was acquired by Twitter.
The first was let go in the first wave… so I don’t think anyone was being kept around simply because it would be too expensive to let them go.
Doesn’t make sense to me. (Not that anything Elon does with Twitter makes sense to me…)
Velux ΘΔ@paul I mean, he hasn’t exactly been coy on that possibility, and he did mention it so many times, it seemed like a certainty even with all of his stripping down and changes, so…
dtrain@paul I think he’s too proud to admit defeat and will just sell more Tesla shares to inject more of his own money to stave off bankruptcy
Russell Ivanovic@paul yeah, they just won't pay and will wait to see if they get sued. A contract is worth nothing if you're not willing to go to court over it, and courts are expensive. This seems like a dumb move (like all the ones to date) but that's my bet.
GradientU0@rustyshelf @paul it's not that expensive if you have a slam dunk case (e.g., win on summary judgment). It's even cheaper if they pool resources for the same counsel as the operative facts against Twitter will be fairly similar. If it is truly as without basis as the top line suggests, punitive damages would be applicable and may actually net them more.
Richfletcher@paul I can't think of many people that have benefitted from his dickishness (yes, that's a word) than you, Paul. Fingers crossed he keeps Elonning (that one might not be).
Ivory is a triumph, rip the rearview mirror off the screen and put your foot down.
Ivory is a triumph, rip the rearview mirror off the screen and put your foot down.
Jim@paul musk has bigger obligations than those. I wonder if a judgment would yield a stock or bond like obligation. Stock would make options vesting nbd, stock that gets wiped in BK. A bond obligation would give them ownership in post BK twitter.
BK would wipe Elon’s equity interest out. Which bond holders would own it? I don’t see BK happening.