“The bill for Elon Musk’s purchase of Twitter is coming due, with the billionaire facing unpalatable options on the company’s enormous debt pile, ranging from bankruptcy proceedings to another costly sale of Tesla shares.
Three people close to the entrepreneur’s buyout of Twitter said the first instalment of interest payments related to $13bn of debt he used to fund the takeover could be due as soon as the end of January. That debt means the company must pay about $1.5bn in annual interest payments.“
Set aside, for the time being, the option of affording the user the power to select their own algorithm or simply to continue seeing the(sic) just the posts from the people they follow, in the order they were posted.
Not the author’s point, but if it’s helpful for someone else, lists remained chronological (and haven’t appeared to be changed, yet).
U.S. District Judge James Donato on Friday ruled that five former Twitter employees pursuing a proposed class action accusing the company of failing to give adequate notice before laying them off after its acquisition by Elon Musk must pursue their claims in private arbitration.
Sure, force it into private arbitration after Twitter (Musk) breached the contract. Makes perfect sense.
mandatory private arbitration between people and a non person entity doesn’t seem like it should be legal. and what’s going to happen when twitter declares bankruptcy?
Binding private arbitration used to be only used between equiv-size companies. They both had legal departments, there was a dispute over the terms of a contract, they didn’t want to wait for the courts and expense, so go buy some private justice to get it done and over with.
The right gradually crept in laws that allowed companies to force it on individuals, with the help of radical reinterpretation by the Supreme Court.
A very good discussion around Elon and Twitter. A lot of discussion about how it appears that Elon was basically radicalized like a teenage boy on the internet with no friends and too much time on his hands. Some speculation about how that probably means he doesn’t really run his businesses
