• poctz@beehaw.org
    link
    fedilink
    English
    arrow-up
    5
    ·
    edit-2
    1 year ago

    Just saw a comment regarding Twitter’s troubles:

    Last time I checked, if a company has more than 12 creditors — as Twitter does — then any three of them can join together to put a company into an involuntary bankruptcy proceeding. And Elon is in danger here. At some point, the creditors he is mindlessly stiffing on a regular basis are going to get sufficiently pissed to throw Twitter into bankruptcy.

    • delcake@lemmy.songsforno.one
      link
      fedilink
      English
      arrow-up
      2
      ·
      1 year ago

      Honestly this is the silver lining of Elon buying the company; endless entertainment from watching the smoldering wreck. I do feel bad for the folks that were actually getting value out of using Twitter before his acquisition, but it’s fascinating to see Twitter constantly finding new ways to fail to meet everyone’s already-low expectations.