Twitter is refusing to pay its Google Cloud bills (www.reuters.com)

submitted 1 year ago by phrexleysnipes@lemmy.world to c/news@beehaw.org

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[-] A1kmm@lemmy.amxl.com 1 points 1 year ago

Apparently the threshold in the US before courts can appoint a liquidator to take over a corporation following an involuntary bankruptcy petition is debts (with no bona fide dispute about them) totaling US$10,000 or more above the securities the creditors hold.

If there is any truth to all this discussion of Elon Musk arranging that Twitter's debts for rent, cloud services, etc... not be paid, surely it is only a matter of time before creditors file such a petition, and he loses control of Twitter.

[-] RomanceDailies@beehaw.org 0 points 1 year ago

Now will Google look the other way because of Twitter’s pull like they do with YouTube’s drain or will this lead to further disruption between the two companies?

[-] ericjmorey@beehaw.org 1 points 1 year ago

YouTube is part of Google (Alphabet if you want to use the legal name). It's a much different decision when an unrelated company is using a lot of your resources and not paying for them.

this post was submitted on 11 Jun 2023

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