>

To buy Twitter Elon took huge loans against Twitter. Under Elon, Twitter now has an additional billion dollars per year of interest it has to pay that it didn't have to before.
I wonder if Musk even knew this office existed. After he fired the people responsible for paying for them, he probably didn't even know it was there. >

Why is he so against WFH if he can't even afford the offices. >

The no-WFH strategy was to get employees to quit voluntarily opposed to firing them (which is more expensive). >

No not at all. He is a terrible manager of people and he expects everyone to devote their life to the company. 
The guy is toxic. >

In this case, it can be both and probably is. >

What happens when an impossibly cheap asshole meets and unmovable rent requirement?!? >

He is looking at a ledger and saw that probably over ~50% of his revenue bailed on Twitter in the form of ad revenue because he revealed himself as a pro authoritarian douche-monger.  He sees a number, it’s an expense and probably a necessary one like rent for a building, but he has to bring the ledger back into the black for the sake of his ego. Because his ego tells him he is a good businessman man and he will never be able handle the truth that he way overpaid for Twitter and now he is destroying it and Tesla for nothing, absolutely nothing in return aside from embarrassment and humiliation at astonishing speed. >

I am now enjoying a mental image of Elon staring into his mirror, quietly chanting "You are a good businessman man" over and over... >

The employees: cool I can go back to WFH >

Watch them get fired because they didn’t show up to the office that doesn’t exist >

Cut your payroll costs with this one simple trick! Employees hate him! >

Lawyers love him! >

Until he doesn’t pay them. >

This whole debacle would have totally been a Seinfeld episode.  I can hear George Costanza now:      
“I’m telling you Jerry, he’s a genius.   A Genius!” >

God I read that in George's voice.  You are absolutely right >

Now try it in Bania's voice: "That's Gold, Jerry! Gold!" >

No biggie. I'm sure Southeast Asia will be fine without Twitter, as would the rest of the world. >

And Elon hurting his businesses and bottom line in the process is a bonus, maybe now the internet can shut up about him. >


maybe now the internet can shut up about him.

It's better that the internet continues to scorched earth his reputation before shutting up about him, lest we run the risk of the internet forgetting and treating him like "a real life Tony Stark" again. >

You know what? enthusiast media, financial media, and MSM were all overly credulous and complicit in his rise. Dude said we would have roofs made out of solar panels that are cheaper than asphalt and make thousands of dollars with robotaxis piloted by cameras. He said that a Tesla would drive from LA to NY without a driver and park itself in Times Square in 2017. No one was calling him out on this knowably false bullshit. >

His solar roof demonstration was at a universal studios back lot pretending to be a fully functioning neighborhood. His timeline, estimates and certainty should be criminal, but the media knew they were at a fake lot and acted like they were ready to go. >

Thankfully it’s hard to fake robotics, but it doesn’t stop the Cathie Woods and Ross Gerbers of the world from valuing their “guy in spandex suit” division at tens of billions of dollars. >

I wonder how long before they can’t make their AWS payments, or hydro bills for their data centres… >

We might get to power first before those are issues. >

i know he's an idiot and majorly tarnished the brand, but was that really enough to cause all this this quickly?  i know twitter wasn't doing great, but i'm a little shocked at how quickly it's crumbling lol >

It's crumbling this fast because he fired everyone / nearly everyone in accounting, legal, PR etc.
If he bought it and did nothing it'd be fine. >

well yeah, obviously, but that doesn't explain anything.  I'm asking how they're unable to pay rent.  is it lack of funds, or just no staff left that used to pay this stuff?  
I'm assuming they just can't pay it, which is why I'm astonished as to what specifically is causing the deficit.  profits declining is one thing, but going straight to failing lease payments within a few months is staggering.  I know his stupid decisions have caused a lot of advertisers to back out, but many stayed (like apple, their largest one, allegedly), and their traffic has reach recent highs, so I'm trying to figure out how bad their finances have to be to get to failed lease payments this quickly if they weren't already on the ragged edges (maybe they already were?)