Elon Musk refused to pay old bills worth crores

News Desk: Elon Musk, the world’s richest man and the new owner of Twitter, is constantly trying to recover from the losses. For this, he also took decisions like canceling the Blue Tick subscription, but this does not seem to solve the problem. Now he has taken another big decision to reduce the loss.

According to the information received, Twitter has refused to pay the outstanding bills of its travel vendors. Twitter owes hundreds of millions of dollars to these vendors. Prior to the Twitter acquisition, millions of dollars were spent on employee travel allowances. All the bills for these trips were picked up by the employees, which Elon Musk has refused to pay.

According to reports, Elon Musk has refused to clear travel invoices worth thousands of dollars, saying he has not approved them. As such, he is not liable to pay. It is being told that the employees of the company had submitted a large number of travel bills before the takeover. Now that Musk has denied payment, he has stopped returning calls from vendors.

Soon after the Twitter acquisition, Musk made several layoffs to reduce his losses. According to the report, about 3700 employees have been fired. After this he started the subscription of Blue Tick. Even after this the matter did not settle down, so now they have refused to pay the bills of the vendors.

Disclaimer: This article is provided for informational purposes only. The information should not be taken to represent the views, policies or opinions of MoneyMattere.com, nor any of its employees, employees or affiliates.

For more Business updates, Click here.

Leave a Comment