Twitter’s Unpaid Bills Threaten to Be an Even Bigger Problem for Elon Musk
At least 10 vendors have sued the company, claiming it has not paid them money it owes them.
Small businesses are accusing Twitter Inc. of stiffing them, even as company owner Elon Musk, who has a personal net worth of more than $150 billion, is saying the social network’s finances are finally on the way to recovery.
Twitter is late on more than $10 million of payments to an array of companies that provide services from public relations advice to branded merchandise, according to claims in court filings. In April four vendors filed a joint lawsuit for breach of contract over the company’s allegedly unpaid bills, and are seeking class action status. Since December at least 10 vendors have sued the company on similar grounds. Those vendors include small businesses that say they rely on Twitter’s payments to continue operating.