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What's Gone at Twitter? A Data Center, Janitors, Some Toilet Paper (NY Times)
By Kate Conger, Ryan Mac and Mike Isaac
Elon Musks orders were clear: Close the data center.
Early on Christmas Eve, members of the billionaires staff flew to Sacramento the site of one of Twitters three main computing storage facilities to disconnect servers that had kept the social network running smoothly. Some employees were worried that losing those servers could cause problems, but saving money was the priority, according to two people who were familiar with the move but not authorized to talk about it.
The data center shutdown was one of many drastic steps Mr. Musk has undertaken to stabilize Twitters finances. Over the past few weeks, Twitter had stopped paying millions of dollars in rent and services, and Mr. Musk had told his subordinates to renegotiate those agreements or simply end them. The company has stopped paying rent at its Seattle office, leading it to face eviction, two people familiar with the matter said. Janitorial and security services have been cut, and in some cases employees have resorted to bringing their own toilet paper to the office.
Mr. Musk bought the social network for $44 billion in late October, saddling it with debt that will require him to pay about $1 billion in interest annually. Speaking on a live forum on Twitter last week, Mr. Musk compared the company to a plane that is headed towards the ground at high speed with the engines on fire and the controls dont work. Twitter was on track to have a negative cash flow situation of about $3 billion in 2023, he said, citing a depressed advertising environment and increased costs, like the debt payments.
Read more: https://www.nytimes.com/2022/12/29/technology/twitter-elon-musk.html?searchResultPosition=1
Elon Musks orders were clear: Close the data center.
Early on Christmas Eve, members of the billionaires staff flew to Sacramento the site of one of Twitters three main computing storage facilities to disconnect servers that had kept the social network running smoothly. Some employees were worried that losing those servers could cause problems, but saving money was the priority, according to two people who were familiar with the move but not authorized to talk about it.
The data center shutdown was one of many drastic steps Mr. Musk has undertaken to stabilize Twitters finances. Over the past few weeks, Twitter had stopped paying millions of dollars in rent and services, and Mr. Musk had told his subordinates to renegotiate those agreements or simply end them. The company has stopped paying rent at its Seattle office, leading it to face eviction, two people familiar with the matter said. Janitorial and security services have been cut, and in some cases employees have resorted to bringing their own toilet paper to the office.
Mr. Musk bought the social network for $44 billion in late October, saddling it with debt that will require him to pay about $1 billion in interest annually. Speaking on a live forum on Twitter last week, Mr. Musk compared the company to a plane that is headed towards the ground at high speed with the engines on fire and the controls dont work. Twitter was on track to have a negative cash flow situation of about $3 billion in 2023, he said, citing a depressed advertising environment and increased costs, like the debt payments.
Read more: https://www.nytimes.com/2022/12/29/technology/twitter-elon-musk.html?searchResultPosition=1
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What's Gone at Twitter? A Data Center, Janitors, Some Toilet Paper (NY Times) (Original Post)
ificandream
Dec 2022
OP
When you've lost 200Billion of your fortune not sure tax write offs are a priority.
NoMoreRepugs
Dec 2022
#2
Faux pas
(14,681 posts)1. ...
I'm sure it'll be a huge write off for him
NoMoreRepugs
(9,431 posts)2. When you've lost 200Billion of your fortune not sure tax write offs are a priority.
fair enough
niyad
(113,325 posts)3. Now, I am not a savvy genius and businessperson like egoloon, but I would NOT
teleport or parachute into that plane, having to spend billions to do so.