Elon Musk faces lawsuit over not paying for socks

empty

InstaForex Loprais Team - Official participant of the Dakar rally

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

Account Opening

See also

Trading Conditions

Forex Analytics

Charts

This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.

Start as Beginner

How to start trading

Useful information

Training and recordings

InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.

Become Investor

PAMM System

ForexCopy System

Passive investments

OYS account

Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.

Main Page

Partner Area

Advantages for Affiliates

Registration

This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.

All Promo Campaigns

Bonuses

Contests

Events

Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.

Forums

We are in social networks

Forex humour

Forex Portal

InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

History

Why Choose Us

InstaSport

Regulation

Company News

Awards

InstaForex Stars

InstaForex Offline

Headquarters

Key documents

Social Responsibility

InstaForex - Official partner of Dragon Racing

Elon Musk faces lawsuit over not paying for socks

08-03-2023 15:00

Elon Musk faces lawsuit over not paying for socks

Open trading account Open demo account

Money withdrawal

Elon Musk faces lawsuit over not paying for socks

Since its inception, Twitter has had to deal with numerous lawsuits. The social media company faced many legal challenges, both legitimate and frivolous, and sometimes had to defend itself in multiple cases at once. The new challenge against Twitter directly involves Elon Musk, the company’s new CEO.

Since the beginning of the year, Twitter has been struck with 9 new lawsuits from landlords, consultants and vendors, claiming about $14 million in total. One particularly notable lawsuit was filed by Canary Marketing, which claimed that the social media giant owed it about $400,000 for its services. One of these services was a Twitter-branded gift box sent to Elon Musk after he was appointed as CEO, which contained a bottle of branded Japanese whiskey, a bomber jacket, and socks worth more than $250, among other things. Elon Musk, who earlier stated that Twitter was losing $4 million per day, resorted to extreme measures in order to avoid bankruptcy. However, he did that by not paying the company’s bills, including the ones for such miniscule things as socks.

In total, Twitter faces 9 lawsuits. Three of them were filed over unpaid rent, including about $6.8 million in rent payments for its headquarters in San Francisco. The company has also refused to pay some bills related to work done by the company’s previous management to close the deal with Elon Musk. This included private flights for then-Chief Marketing Officer Leslie Berland, who flew to conduct acquisition negotiations with the buyer.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Forex humour