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Elon Musk Now Stiffing Vendors, Not Paying Bills at Twitter

https://sfist.com/2022/11/22/elon-musk-now-stiffing-vendors-not-paying-bills-at-twitter/

by mseidl • 4 years ago

14 1 4 years ago

SF

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ggm• 4 years ago

Because the legal system preferences mediation, and because mediation preferences a negotiated ground, even going to law won't help the providers avoid a short-term hit, because of the inevitable discount they'll be mediated to.

There should be a summary path with damages for this kind of muscular performative non payment: Musk should not be allowed to renege on contracts for a post hoc discount. It should hurt more not to pay, and not to pay promptly. Something like his interest payments on bank debt should be penalised if he acts in bad faith in his business. (Which obviously, he is doing. These are debts incurred. He owed the money the minute he bought the company. If he was a corner store they'd just shut him down, it's "too big to sue" bully economics)

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