this post was submitted on 19 Oct 2024
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Never give these rich assholes credit unless there is an airtight contract for payment.
There is no such thing as an airtight contract when dealing with Musk. He simply ignores it until you sue.
Same thing as Trump.
Doesn't matter how perfect your contract is, as long as they can afford to fight the lawsuit longer than you you're gonna lose.
You'd think people would learn to not contract with these assholes at all.
You just have to work in legal costs to anything you do. Call it an asshole tax
So basically they were bespoke servers that are great for Twitter, custom designed, and definitely aren’t easy to just resell elsewhere, so because Twitter isn’t paying, the IT company is eating the loss right now
It sounds like in this transaction they are purely a hardware provider, they shipped the bespoke hardware to Twitter based on twitters order, musk took over, and is now refusing to pay them because he doesn’t want whatever the hardware is after having gutted Twitter, and they haven’t been paid
Yep! It’s more nuanced than the title leads on. But “Elon bad” is the train with momentum around here.
I wouldn't describe taking over a company and then not fulfilling obligations incurred prior to the purchase as good behavior. Would you?
If it was done in knowingly and in bad faith, no I would not. With this particular case, all I know is what’s in that article which doesn’t describe the situation in detail. The court case would provide the full picture.
Who would be the bad faith actor here? Wiwynn? If they don't have an order, that's going to fall flat pretty fast. Seems like a pretty risky bet at $60 million. Twitter? Then it isn't Wiwynn's problem, Twitter can take care of their bill, and deal with their internal issues.
I don’t know. Perhaps as part of the acquisition there were some terms regarding situations like this that are in dispute. Even more nuanced, perhaps Wiwynn knowingly took advantage of the acquisition communication issues to assert a level of standing orders that should have been reconsidered.
Who knows, speculating doesn’t move the needle.
So stop speculating that the situation is “more nuanced” than the objective article title that paints a picture you don’t like.
lol this is literally the same conversation happening elsewhere on the internet about Diddy. There’s a video of him abusing someone. “Stop speculating, we don’t know the whole story.” Speculation is claiming there’s anything beyond a video of him abusing someone. It’s wild how much people love their celebrities to the point of abandoning all logic to defend them.
The article sounds to me like they were selling hardware, not providing a service.
Checking their website confirms this is what they usually offer.
Cash on delivery is extremely rare in the business world, especially when dealing with enterprise customers. While I have no doubt many of Twitter's vendors have recently switched to COD, that is not the norm.
These types of relationships typically work on anywhere from 30 to 90 day terms, depending on the vendor, client, and their history.
That might be true, but I think the point is that maybe it shouldn’t be rare (especially when dealing with these guys).
That wasn't their point. They assumed that billing terms aren't already predicated upon an "airtight" contract. I'm not sure how they're defining airtight, but a contract is a legal agreement, and when there's a dispute, those get addressed in court, such as this, right now.
This misunderstanding isn't entirely unreasonable. If someone hasn't dealt with these types of transactions in a business setting, it's not reasonable to expect them to understand how they work, or why they function like that.
I don’t think it’s hard to understand regardless what their experience with billing terms may be.
“Don’t give them credit” still makes sense to me as someone who has that experience. It also makes sense to me as just a normal human that maybe we shouldn’t just let unreliable parties pay later given their wild (basically public at this point) history with paying people.
Did you even read the article...?
Because if you had, you would know that the credit terms were established prior to Musk's takeover.
Payment up front, in non negotiable bearer bonds.