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Reddit CEO Triples Down, Insults Protesters, Whines About Not Making Enough Money From Reddit Users (www.techdirt.com)

submitted 1 year ago by tvbusy@lemmy.dbzer0.com to c/news@beehaw.org

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[–] poctz@beehaw.org 4 points 1 year ago* (last edited 1 year ago) (1 children)

Just saw a comment regarding Twitter's troubles:

Last time I checked, if a company has more than 12 creditors — as Twitter does — then any three of them can join together to put a company into an involuntary bankruptcy proceeding. And Elon is in danger here. At some point, the creditors he is mindlessly stiffing on a regular basis are going to get sufficiently pissed to throw Twitter into bankruptcy.

[–] delcake@lemmy.songsforno.one 3 points 1 year ago

Honestly this is the silver lining of Elon buying the company; endless entertainment from watching the smoldering wreck. I do feel bad for the folks that were actually getting value out of using Twitter before his acquisition, but it's fascinating to see Twitter constantly finding new ways to fail to meet everyone's already-low expectations.