NYT: Twitter Is Stiffing Vendors For Millions In Invoices

The New York Times reports:

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 Mr. Musk took over the company, he refused to reimburse travel vendors for those bills, current and former Twitter employees said. Mr. 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.

Mr. Musk and his advisers have trained their sights on computing costs that support Twitter’s underlying infrastructure, travel expenses, software services, real estate and even the company’s normally lavish in-office cafeteria food. Twitter’s spending has dropped, but the moves have spurred complaints from insiders — as well as from some vendors who are owed millions of dollars in back payments.

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Right out of Trump playbook. Not paying bills could be a sign that bankruptcy is being given serious consideration. Many of these vendors are small businesses, stiffed by the richest person.
As Elon Musk Cuts Costs at Twitter, Some Bills Are Going Unpaid https://t.co/Jqe3LFDzkK

— Richard Signorelli (@richsignorelli) November 22, 2022