>

What does not paying bills like this do to your DUNS number?
CRA says it signed a contract with three different law firms in the Musk litigation, all of which signed "on behalf of Twitter."

So Twitter hired CRA cause Musk countersued Twitter last year and now Musk has to pay for it?   
Oh I love the irony >

Twitter likely spent tens of millions on the litigation, which Musk now needs to pay. But it’s not unusual for the loser in a legal battle to get the total bill.
What is unusual is a firm like CRA, which is hired by the law firms, suing the underlying client. I’m guessing that Musk has stiffed the law firms involved as well. (Otherwise, it would be strange if Musk paid the law firms $10m but didn’t pay the consulting firm $2m) >


But it’s not unusual for the loser in a legal battle to get the total bill.

Actually, that's not the norm in the US (reason being that there shouldn't be a disincentive to bring a meritorious claim just because of fear that losing it will bankrupt you). You will see some judgments include legal fees and punitive damages but those are definitely for extraordinary behavior (frivolous/meritless claims, abuse of legal system, etc.) >

IIRC this doesn't even have to do with losing/settling. The lawyers worked on behalf of Twitter to sue Musk to force the sale. Now that Musk bought Twitter, he still owes money to the lawyers that sued him, just like the offices owe rent, utilities, etc... Just because you bought a company doesn't mean you get out of their contractual obligations. >

Correct. Presumably he bought Twitter "free and clear" including all liabilities. If he wanted to carve out all the legal and consulting fees against him, he could have negotiated for that in the sale agreement (and paid a higher sale price to deduct that liability). >

Don’t need to presume since the PSA is on Edgar. Also, “free and clear” refers to liens and encumbrances on property and, at least in my experience, would never be used in a stock deal. >

Elon adapting the Trump method of paying contractors: just don't lol. >

Fuuuuuck. Is he going to announce his run for president next year? He'd probably win in a land slide. >

Thankfully, he is ineligible for the office. >

It's been some time since the GOP let pesky little things like rules and norms stand in their way >

In general you may be correct but being a natural born citizen to be the President is very clearly stated in the constitution. That's not a "rule" or "norm" easily overcome. >


That's not a "rule" or "norm" easily overcome.

Sure it is. Just toss it the Supreme Court, which will do whatever the GOP wants them to do >

I think you're crossing the line where cynicism reduces the strength of your arguments. I'm just as discouraged as most but let's not act like something very clearly written in the constitution (so not open for Supreme Court reinterpretation), which could only be changed by an amendment passed by 2/3rds majority, is the same as all the bullshit we've seen lately. No need to concede a fight that hasn't even happened yet, I'm not sure what that accomplishes. >

I don't think Musk would run, but if he did, and that's what the GOP wanted, I 100% believe the present SCOTUS would enable it. You clearly have more faith in the SCOTUS than I do, which isn't hard, as I have no faith in them whatsoever. >

You're still giving them so much more power than they have. They have a lot of power, but not here. I don't understand the point of your defeatism in such a clear cut issue. >

Marbury v. Madison has entered the chat >

Elon Musk lost $200Bln and now does not pay his bills. Do not do business with him. >

He's gonna start selling hats and flags isn't he >

Elon NFTs >

“Trading cards” >

How much are those "trading cards" going for these days anyway? >

Doesn't matter.  It was just an obvious front for money laundering.  Why else would they cap purchases at $9990? >

It wasn't JUST for laundering money, and capping it wasn't the end of their making money, each purchase came with an agreement and built in function that grants the issuer 10% or some amount, pretty sure that's the amount, from each future transfer/sale of the "cards". So they in perpetuity continue to make money on future sales. >

The capping had nothing to do with making money. It's to avoid the $10,000 threshold that triggers mandatory IRS reporting >

I believe that was the point of the person before me saying they are intended as money laundering tools. Wouldn't be very good if they triggered reporting each time, eh? >

Ah my apologies, I thought you were disagreeing that it was for laundering. I now better understand your earlier comment. >

I'm a contractor who was recently stiffed on a bill.  I kept working for 3 months thinking they would eventually be good for it.  7 months later, they still aren't.
Hard lesson learned but going forward if you miss a payment, work stops IMMEDIATELY.  This caps losses to at most a month of work (for monthly billing, with no upfront). >

You also slap a lien on the property. Have fun selling that property with a lien on record.  (Assuming you are a construction contractor) >

Ye olde mechanics lien, classic stuff. >

Another billionaire who doesn't pay his bills. >

Or taxes. And he’ll be lauded for how “smart” he is. This viewpoint needs to be reversed. >

Temporarily embarrassed ~~millionaires~~ billionaires only think it's smart because they imagine doing so themselves one day. >

TBF I've never personally heard anyone say billionaires shouldn't pay taxes. >

Isn’t twitter a bathroom fixtures store now? Something about sinks or something >

I saw someone ask why Elon was carrying a sink around in the lobby of Twitter headquarters.
My favorite response was "Because you can't buy a sense of humor." >

His way of telling us he was gonna sink the company. >

It's weird how many people aren't coming to the obvious conclusion: a business that's not paying bills (including rent, severance due, etc) is a business in deep trouble and going under.
Best case it's a business missing everyone whose job it is to cut checks to vendors which is a pretty core problem that clearly remains unaddressed.
What I'm getting here is "first time restaurant owner pocketing the tips and not paying staff as he he ignores the bank and hopes his kitchen equipment doesn't get repossessed this week" vibes. >

I'm waiting for Musk to not pay the domain registration renewal and some random kid in Nebraska to snatch it up. Seriously, when there's that much financial chaos going on, a little tiny thing like a domain renewal can fall right through the cracks. There's probably hundreds of other operational things that could have big impacts without qualified staff taking care of them.
It's like one of those big landslide cliffs starting to crumble. We're seeing the small rocks tumble down and things above (like plummeting ad revenue) are letting everyone know to get out of the area, but then just the right tiny rock gives way and the whole mountainside comes down with it. >

Oh Jesus I hadn't even considered that.  You're absolutely right, and if it happens I'm actually going to die of laughter.  I mean, genuinely, for real.  They'll put it in the history books; first human to literally die of laughter. >

I think Alex Mitchell may have beaten you to that record while watching a TV show

Fifty-year-old Alex Mitchell could not stop laughing for a continuous 25-minute period—almost the entire length of the show—and suffered a fatal heart attack as a result of the strain placed on his heart >

Well damn. There goes my one shot at fame. >

Just die in 24 min! >

But what's more impressive? The guy who died the fastest from laughing, or the guy who took the longest to die from laughing? >

How do you think people become Billionaires?  By lying, cheating, stealing and refusing to pay bills or taxes. >

More specifically, by getting away with doing all that. >

Hey now. Some of them billionaires were born with it. Clearly they worked hard /s >

You think billionaires become billionaires by paying bills? >

"I didnt get rich by writing a lot checks!" >

All these genius business folk seem have lots of money. Who knew not paying bills is one way to do that!? >

Elon is more and more like Trump everyday >

No, elon is actually a billionaire >

Which should probably be more terrifying >

I really can't wait to see the pinnacle of all of this >

We already have, I keep wondering how soon SpaceX is gonna cut Elon loose. >

It's Piraten owned >

Space X isn't run by Elon, its run by Gwynne Shotwell, she has been the real force behind Space X for a long time.    They pretty much just nod their heads and say sure thing when Elon comes around and forget everything he said when he leaves.   Space X gets a shit ton of government money so its a bit more free from elon's control. >

Working for Elon is like being a Lawyer for Trump.  You think its going to be a good deal until you are well and truly under a bus. >

I just had an idea. Maybe Kim Kardashian can be his lawyer. >

He's already tanking his credibility with reputable lenders. Anyone with two brain cells to rub together will demand payment up front.
I've seen this movie before. 
Next thing you know, his primary business model will be slapping his name on mediocre shit, paying himself with investor money, and then declaring bankruptcy when it tanks. >

The small company that I work for had Twitter as a client. Contracts that were signed before musk took over were voided and a whole years worth of work disappeared. 
He’s a twat. >

What? WHAT?
The guy who stopped paying rent at all his offices, fired the cleaning crew at headquarters, demanded employees bring their own toilet paper to work, and at Tesla forced secret software downloads onto all his cars to reduce their range so he didn't have to replace as many expensive battery packs under warranty has stiffed some consulting group he hired?
Say it ain't so that a lying narcissistic sociopath would do such a thing!
Since I have absolutely no dog in this fight, having neither a tweety account nor a tesla, it's so interesting to see the guy just dig himself into the dirt more with each passing day.
His mind has to be like "I'm extremely wealthy and popular, a veritable rock star, and no matter what I do people just hang on my every word and adore me!"
It's a bit of Orange Jesus Derangement Syndrome.
If it wasn't for reddit, I wouldn't know the idiot was alive. >

If you listen to him speak, he pretty much doesn't care about anything except the ultimate goal of getting humans on Mars. All of his decisions are in some shape or form, tied to that goal in order to get there as fast as possible >

Getting humans on Mars, under a circumstance in which he is also essentially in charge of every aspect of their lives.  
He doesn't really just want to get people to Mars. He wants to run Mars.
His ultimate goal is playing God with other human beings >

I see someone read The Fart of the Deal >

aka how to launder money through a book deal >

Boycott Musk and Twitter >

Ripping off The Bobs. Not cool. So what if they celebrate Michael Bolton's entire catalog. >

These tech billionaires have been playing with practically interest free money since 2009. All the layoffs in tech relate directly to the rise in interest rates. Musk picked a fine time to buy a non profitable company, freakin genius. >

Musk is just baby Trump. >

if we’re going to see a cartoon then can it please be the pre surgical enhancements face? >

Well duh. Obviously Trump Jr is a deadbeat. >

Musk's brilliant strategy for making twitter 'profitable' is to just not pay anyone. Truly world's smartest man... >

Sounds like a Trump move.  Never pay their bills. >

They shouldn't feel bad. Elon has fully adopted the Trumpian tactic of not paying any bill until litigation begins. He doesn't pay the electric bill at his stores, people. How do you not pay the electric bill for your EV-selling employees when you're the richest man on the planet? Just a pure dick move. >

Elon is a younger Trump. >

Elon Musk, accomplished bullshit artist with lots of money decides to become younger version of ex president and broke grifter Donald Trump. Seems to be on the path to success. We wish him the best of luck for the future. >

Sounds like Elon is gearing up to run for President. >

You don't become a billionaire by giving other people your money. >

One difference between this and other lawsuits is that Twitter didn't actually enter into a contract with these consultants.  The old Twitter hired lawyers to sue Musk and those lawyers hired the consultants.  Normally, the consultants would sue the lawyers and the lawyers would sue Twitter. >

Elon Trump never pays his debts. He probably can't at this point, but he wouldn't even if he could, I bet. >

Oh. This is Trump 0.2… >

He’s on the trump payback plan. >

Elon is literally turning into Donald Trump >

I’m high asf y’all I read that as “2 million billion” >

2 Morbillion dollars >

It’s morbillion time >

You mean trump 2.0 refuses to pay his bills?  Color me shocked >

“Gonna cry?” - Spider-Man