Twitter Is Simply Getting Worse Under Elon Musk As These Examples Illustrate

We’re getting to the point where we might be in the endgame for Twitter. I say that for the following reasons.

First, bills are going unpaid on the orders of Elon:

Before Elon Musk bought Twitter last month, the company’s executives had racked up hundreds of thousands of dollars in travel invoices that the social media service planned to pay.

But once Musk took over the company, he refused to reimburse travel vendors for those bills, current and former Twitter employees said. Musk’s staff said the services were authorized by the company’s former management and not by him. His staff have since avoided the calls of the travel vendors, the people said.


Musk also issued an order to slow or in some cases halt transfers of funds to Twitter’s vendors and contract services, the people said. Any expenditures for services need to be approved by [Jared] Birchall [the head of Musk’s family office], three people said. Musk has since declined to pay for the travel services incurred by the former Twitter executives, the people said.

He is also looking at the company’s leases for office space, three people said, bucking on making payments and hoping to renegotiate or opt out of some commitments entirely. Twitter leases office space across the world, but the layoffs have reduced the need for much of that real estate.

This is pretty bad. And I’m willing to bet that lawsuits will be filed shortly by some of these vendors which will add to Elon’s problems. Because one would think that it’s cheaper to pay your bills than to pay lawyers to defend you against companies who are suing you because you have not paid your bills. Clearly Musk hasn’t thought of that.

Next up is more fallout from the Donald Trump circus. Elon is actually claiming that the “activists” who are trying to get companies to not advertise on Twitter are to blame for him reinstating Trump according to The Verge:

Wow, his explanation sure is something; in a tweet on Tuesday night, he claimed the council was part of a deal he made with an unnamed “large coalition of political/social activist groups,” implying it was their fault.

Musk claims he made a deal to keep those groups from trying to destroy Twitter’s ad revenue, and that those groups “broke the deal,” and so he no longer has to uphold all that stuff about the council.

Here’s the Tweet in question:

Elon is clearly trying to deflect blame from his own screw ups and shortcomings. And this reaction likely has something to do with this:

In recent weeks, 50 of the top 100 advertisers have either announced or seemingly stopped advertising on Twitter. These advertisers have accounted for nearly $2 billion in spending on the platform since 2020, and over $750 million in advertising in 2022 alone.

In addition to advertisers that have seemingly stopped all advertising on Twitter as of November 21, there are an additional seven advertisers which appear to be slowing the rate of their advertising on the platform to almost nothing. Since 2020, these seven advertisers have accounted for over $255 million in spending on Twitter, and nearly $118 million in advertising in 2022.

This is a huge problem for Elon as he needs income to keep the lights on at Twitter. Assuming that he doesn’t want to sell more Tesla stock to keep the lights on at Twitter. Though that might be a problem based on this:

Tesla’s stock has been on a slide since Elon bought Twitter. That’s ultimately going to create a couple of issues for him. One it’s going to affect his bank account. Two is that at some point, owners of Tesla stock are going to say that enough is enough and want him to do something about this stock slide. Or they may simply decide to sell and push the stock further downwards. To be fair, Twitter isn’t the only issue that Tesla stock has at the moment. But Elon’s behaviour and Twitter’s problems are likely not helping the situation.

Maybe the man child should just man up and admit that he’s really screwed this up. But I likely expect too much in terms of maturity from man child Musk.

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