In recent years, Twitter has undergone major transformations, starting with the change in management after the purchase of the social network by the billionaire. Elon Musk. Since then, new controversies and complaints arise every day and question Musk's management method. In a new scandal, we have the accusation of a debt of US$ 14 million from the twitter in 9 processes.
Twitter millionaire debt
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The news that Twitter has a millionaire debt came out by The Wall Street Journal, which also confirmed the figure of US$ 14 million plus interest.
According to the report, there are at least nine lawsuits against the social network and only one of them is heading towards a solution. However, it seems, there are many other debts that the market is still unaware of.
Among the default lawsuits is Twitter's $392,239 debt to marketing firm Canary LLC. This information is in line with rumors that the social network was experiencing a major financial crisis after the sale to Musk.
He himself even claimed that he was still trying to save the company from bankruptcy.
While time goes by without paying off debts, there is an increase in interest rates, which makes millionaire debt even more expensive.
Therefore, financial analysts continue to discuss Musk's management strategies in an attempt to identify the flaws of the billionaire owner of Tesla. Amidst the financial hurricane, complaints from employees are also on the rise.
drama with employees
Since the social network officially passed into the hands of Elon Musk, many layoffs were made, which in a way is common with the change of management.
However, employees report that the climate is chaotic in the offices, especially with the dismissal of people in important positions and without apparent reasons.
In addition, it seems that the financial problems have already affected the employees' routine.
In the report of “The Wall Street Journal”, there is also the allegation that there is default with local suppliers of basic office items. Thus, one can already notice the lack of toilet paper and staples at the company's headquarters.
