I was listening to the TWiT podcast yesterday, and heard an interesting theory for why Musk is no paying his past due rent on some properties.
This theory comes from a financial report released by Microsoft about re-negotiating it's leases on office space since they just laid off a massive number of people. It's actually costing MS $500 million to downsize their office space around the world, mostly due to having to pay to get out of leases early.
Twitter is in the same boat, but the theory is that Musk is willing to risk just not paying, and hoping to pressure the landlords to drastically renegotiate the end of leases out of court, at a better cost for Twitter, rather than eat the full price of paying to get out of the leases.
Risky gamble, but it's obvious from past experiences that he doesn't mind throwing dice in court cases.
Anyway, keeping the popcorn bowl handy while watching the gun and games.
- “So many people forget that the first country the Nazis invaded was their own." - Abraham Erskine, 'Captain America: The First Avenger'