lawtig02
Inconceivable Member
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- 2,647
Why in the world might Elon want control over the payment systems? Hmmm.
www.techdirt.com
We already knew that Twitter had stopped paying its cloud computing bills from Google and Amazon as Elon continues his “pursuit of profitability” that he himself destroyed in Twitter (remember, Twitter was profitable in 16 of the previous 20 quarters before Elon took over at a much higher run rate, before Elon drove away somewhere around half of the advertising revenue of the company while simultaneously saddling it with massive debt). I may not be a massively successful business man, but I’m having trouble with the business logic of driving away half of revenue for no clear reason, while increasing the company’s expenses through unnecessary debt financing, combined with trying to make up the difference by breaching contracts left and right.
* * *
Either way, apparently Google and Amazon aren’t the only cloud providers Elon stiffed: the latest news is that they’re not paying their Oracle cloud bill.
Representatives for Oracle have started directly calling current and former Twitter employees in an attempt to collect on past-due invoices well into the six-figure range, the people said. Oracle has for several years provided Twitter with data-storage services, one of the people added.
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Add Elon’s Buddy Larry Ellison To The Creditors List Of Those That Twitter Is Refusing To Pay
We already knew that Twitter had stopped paying its cloud computing bills from Google and Amazon as Elon continues his “pursuit of profitability” that he himself destroyed in Twitter (remember, Twi…

We already knew that Twitter had stopped paying its cloud computing bills from Google and Amazon as Elon continues his “pursuit of profitability” that he himself destroyed in Twitter (remember, Twitter was profitable in 16 of the previous 20 quarters before Elon took over at a much higher run rate, before Elon drove away somewhere around half of the advertising revenue of the company while simultaneously saddling it with massive debt). I may not be a massively successful business man, but I’m having trouble with the business logic of driving away half of revenue for no clear reason, while increasing the company’s expenses through unnecessary debt financing, combined with trying to make up the difference by breaching contracts left and right.
* * *
Either way, apparently Google and Amazon aren’t the only cloud providers Elon stiffed: the latest news is that they’re not paying their Oracle cloud bill.
Representatives for Oracle have started directly calling current and former Twitter employees in an attempt to collect on past-due invoices well into the six-figure range, the people said. Oracle has for several years provided Twitter with data-storage services, one of the people added.