Not paying bills is not a "cost-cutting" strategy. The costs have been incurred, they exist. It's a "theft through litigation" strategy, and the people who use it are either bankrupts or crooks.
— David Frum (@davidfrum) December 14, 2022
The Apartheid Princeling Bitchboy has the emotional maturity of a spoilt twelve-year-old. Back last April, he made what his cronies assured him was a very kewl joke about buying Twitter, but then the mean lawyers insisted that saying Can’t you people take a joke? didn’t void his signed contract with Twitter’s board. It wasn’t convenient to find the actual funds for the purchase, once he was forced into it, so he allowed a bunch of acquaintances (the Saudis, the Chinese government, et al) to loan him ready cash. Now (it can be presumed) they’re being inexplicably demanding about ‘value for money’, even though he’s explained he’ll be good for it later, when he gets his allowance. Meanwhile, all the Poors who hang around outside his gilded estate are being VERY MEAN AND RUDE.
All he can do, to salve his self-respect, is resist giving his ‘enemies’ what they want. WE CAN’T MAKE HIM. He can do what he likes with his money…
Axios, “Elon Musk’s Twitter isn’t paying its bills”:
Twitter has stopped paying the rent on some of its office leases and hasn’t paid numerous other vendors since Elon Musk acquired the company in late October, Axios has learned from multiple sources.
Why it matters: One of the world’s richest men isn’t honoring financial obligations made to those with far fewer resources.
What to know: Twitter had offices all over the world before Musk acquired it, and many of them remain in use. But it leases the space, rather than owns it.
Since Musk took over, the monthly bills haven’t been getting paid…
One major issue seems to be that many of the landlords’ contacts at Twitter have either been fired or quit, leaving behind junior staffers who are trying to catch up.
But the delinquency is so widespread that some believe it’s de facto policy under Musk, as suggested in a New York Times report about how the company’s new owner is seeking to cut costs…
“The Twitter nightmare continues as Musk uses Tesla as his own ATM machine to keep funding the red ink at Twitter which gets worse by the day as more advertisers flee the platform with controversy increasingly driven by Musk.” https://t.co/O3HCXntO7J
— Nick Riccardi (@NickRiccardi) December 15, 2022
shitpost rich, cash poor
— kilgore trout, death to putiner (@KT_So_It_Goes) December 15, 2022
So, about that $5.7 billion in Tesla stock that Elon Musk gave to charity last year… it went to his own charity, Bloomberg reports: https://t.co/LBxq5CbTl1
— Laura J. Nelson 🦅 (@laura_nelson) December 12, 2022
I guess the tweets and unbannings themselves are "on the cheap" but this whole venture has been extremely expensive for Musk and is not cost-effective as a way to influence US-China policy https://t.co/OTMqsxoTYa pic.twitter.com/pH5pq5KsvD
— Josh Barro (@jbarro) December 12, 2022
The Chinese government, now: They understand how an Apartheid Princeling should be treated. None of this ‘woke mind virus’ b*llshit from them — the elites do as they will, and the workers suffer as they must. What are the Americans gonna do in retaliation, drop a bomb?…
… Tesla’s largest factory is located in China, and his car business requires cooperation from that country’s government. The Chinese Communist Party is notoriously rigid about policing the speech habits of any businesses it permits to operate.
Musk, accordingly, has reliably toed the Communist Party line. He has proposed that China be handed control of Taiwan. He has praised the Communist regime as superior to American democracy: “China rocks in my opinion. The energy in China is great. People there — there’s, like, a lot of smart, hardworking people. And they’re really — they’re not entitled; they’re not complacent. Whereas I see in the United States increasingly much more complacency and entitlement, especially in places like the Bay Area and L.A. and New York.” Before his Twitter feed became a Tucker Carlson knockoff, it was a conduit for Chinese Communist Party propaganda…
Musk’s need to stay in Beijing’s good graces puts him in a tricky spot. Both Republicans and Democrats in Congress have recently unified around a nationalist economic response to China, enacting a combination of subsidies and controls to onshore strategically important production and push back on China’s global influence. “Musk faces the possibility that eventually Washington could erect hurdles that will obstruct his China plans,” noted Michael Schuman.
As Matthew Yglesias has pointed out, Musk’s ownership of Twitter poses an especially stark national security risk. China has a track record of pressuring firms it deals with to censor criticism of its government. Musk’s evident subservience to — or, at least, refusal to contradict — the Chinese Communist Party line raises the obvious risk that he would give China leverage over Twitter’s content-moderation regime.
Conservatives don’t seem to care about any of this as long as Musk is owning the libs. If you wish to credit Musk with strategic forethought, this is exactly the point: He is buying right-wing support on the cheap with some shitposting and unbanning a handful of right-wing trolls, thus neutralizing a potentially huge threat to his much larger automobile business.
If you think he’s just a red-pilled billionaire, he has wandered conveniently into a stance that makes no sense. He believes Fauci caused the pandemic by funding researchers who share none of his guilt. He thinks the “woke mind virus” might destroy civilization but that Chinese communism is an admirable model. Musk is at worst a cynical tool of authoritarianism and at best an idiot savant. Either way, the conservative celebration of his newfound persona — and total refusal to question his curious blind spot for the CCP — reveals a complete lack of principle.
the whole "the woke mind virus must be stopped to save civilization" basically feels to me like cope about having made such a bad financial investment… convincing himself he's saving the world
— Josh Barro (@jbarro) December 12, 2022
“Musk is at worst a cynical tool of authoritarianism and at best an idiot savant.” Why not both?
I think the thing you have to understand about twitter is there is an entire heavily monetized ecosystem that has kept itself fueled up for years on the self-fulfilling prophesy that they’re perpetually victimized by every conceivable entity in the world, and that’s elon’s market
— kilgore trout, death to putiner (@KT_So_It_Goes) December 9, 2022
and so once he barbecued all his normal revenue opportunities by barging through the wall like the koolaid man smeared in cat turds and covered in giant rubber dildos, he needs SOMETHING to go his way. so here you go folks, you thought twitter victimized you? GUESS WHAT
all the other revenue streams can be throttled by external forces acting on them, like, for example, people being weirded out by weird ass shit and thereby unappealing to advertisers. but this new thing he’s got cooked up is entirely self-contained
no one on the outside can touch it. that market is fully insulated from stuff like “being weirded out” because it is itself the weirdest internet poisoned freak show on earth
so what if it doesn’t actually make a tenth as much money as, say, pharma ads. it makes him feel good, and he got so woodchippered by a month of being perpetual main character that he needs user cat turd 2 to give him a sponge bath instead of the other way around
anyway, that’s why it doesn’t matter if there’s no there there. it’s not about a “thing”. it’s about elon making his fee fees feel better about things by packaging up right wing freak twitter’s opinions and selling them back to themselves