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Twitter is suing the law firm that used to represent Twitter. - The Verge (www.theverge.com)

submitted 1 year ago by reclipse@lemdro.id to c/technology@lemmy.world

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The firm, which represented Twitter as Musk tried to back out of his deal to buy Twitter, received a $90 million fee for getting the deal over the finish line, according to The New York Times. Elon Musk’s Twitter alleges the payment is “unjust enrichment” and wants the fee to be returned.

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[–] depressed_submissive@lemmy.fmhy.ml 43 points 1 year ago (9 children)

Is he scraping the barrel or just short of loose change?

[–] chaogomu@kbin.social 20 points 1 year ago (7 children)

The interest payments on the loans he took out are $1.5 Billion. That's not accounting for any other costs that Twitter was already on the hook for.

Coincidentally, Musk stopped paying all of the costs that Twitter was on the hook for. Rent, data centers, janitorial service, everything.

And he's still not going to have enough money from twitter's operations to make even the basic servicing payment on the loan.

[–] AspectOfEntropy@lemmy.world 2 points 1 year ago

One from the Trump School of Business

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