Elon's BANNED Food & Drinks at TWITTER | Musk Gone Wild

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the video Elon Musk is apparently losing

his mind again at least according to the

New York Times which had a wonderful

puff piece on sambangman freed for which

I am extremely disappointed in the times

now I am still a New York Times

subscriber and yeah I still read some

stuff in print but in this episode we

don't have to bag on the times we

actually are going to learn a lot of

business lessons and maybe not from Elon

Musk and the madness that's being

reported within Twitter let's get right

into it with my favorite part of this

article and the favorite part of the

article is actually on B3 of the times

and it says here that Elon Musk

apparently when he came in cut off the

corporate credit cards for Twitter

employees

three employees reported this to the

times and one of those three people said

quote

she tried to buy farewell drinks for

colleagues after the mass layoffs only

to have her corporate credit card

declined at the bar

this

is point one for Elon Musk this is

absolutely brilliant in fact I think

corporate credit cards are absolutely

the worst thing that you could have at a

company the best way in my opinion to

make sure that expenses are properly

managed at a company and this by the way

is exactly what we're going to be doing

with house hack when we have real estate

investing company that is fixing up

properties is you have folks spend stuff

on their own credit cards forget about

the points it ain't worth the shrinkage

you're going to be dealing with in the

Lost product you're going to be dealing

with have people if they need to buy

stuff themselves buy it themselves and

then request for reimbursement if an

employee doesn't have enough money then

you give them a small cash account hey

here's 500 bucks make sure at the end of

every month it gets topped off to 500

bucks how do you get reimbursed you

submit the receipts and an explanation

of what the heck you bought with the

money that is how you make sure a

company operates with actually getting

receipts for every expenditure because

think about it the other way

well first remember if an employee is on

the hook for paying off their own credit

card bill they're going to ask for the

reimbursement and guess what they're

going to keep the receipt but if you

have a company credit card and people

are just nah drinks here drinks there

first of all why the hell are they

buying farewell drinks on the company

credit card anyway I don't know I mean

it's one thing if like the boss like

elon's like drinks on everyone right

that's one thing but there's just random

employees swiping the corporate credit

card sounds like total utter

mismanagement first of all but second of

all if an employee swipes a company

credit card guess what oh I lost the

receipt who pays the bill well obviously

the company because otherwise you know

the credit card's not getting paid off

so the company takes the L when the

employee loses the receipt the employee

loses the receipt and it's on their own

credit card

company might still decide to take the L

but that employee is going to be looking

embarrassed as opposed to the

willy-nilly credit card so this is

actually one of those where I like to

say that's actually a good lesson what

else do we have here apparently Elon

Musk took over and refue and and you

have to remember a lot of this is

alleged in the New York Times we don't

know if this is actually true but

I wouldn't put it past Elon

Elon Musk apparently allegedly refused

to reimburse travel vendors for current

bills

that were incurred by current and former

employees musk's staff said the services

were authorized by the companies former

management and not by Elon Musk

therefore they wouldn't be paying and

they started ignoring phone calls from

those companies

this one's a little tough I mean if you

have payables that the company incurred

I don't think it's a good idea to burn

the other relationships that you have

now you can't do business with those

travel companies anymore

ul's probably like that's okay don't

want to do business with them anyway and

I mean they got a lot of crazy

willy-nilly expenses there who knows

maybe those are like

first class or private flights and the

airfare is really insane but that one I

don't know I can't give Elon a point for

that one I'm gonna say that's probably

uh an L uh point for Elon so that puts

us at one point win 1w and and one loss

there for Eli I think that's a bad way

to go about it this one I actually don't

mind as much though and it is the

potential for renegotiating some of the

Twitter leases since they basically

fired 50 to 75 percent of their

Workforce they don't need as many people

anymore around the world but they're

under lease contracts usually commercial

lease Agreements are five to seven years

but if a company's potentially going to

fire bankruptcy or all of a sudden there

are no more employees there and you have

absolutely no use for that company uh

that company property even though

technically you're under a contract

circumstances have changed with such a

an extreme to such an extreme level that

I think

corporate landlords would be wise to

renegotiate something even if it was

something like hey all right fine uh

keep 20 of the office will lease out the

other 80 to somebody else and let's

negotiate your lease down to maybe 30 of

what the previous payments were it's

better than you paying zero and just

giving us the middle finger which is

possible now of course Twitter could get

sued over this but it's not that easy to

sue tenants you have to remember tenants

who are in possession have a lot of

power

and lawsuits in in tenancy Court

business or not tough not a business

expense any landlord wants to incur and

I think a reasonable landlord would

prefer to negotiate something but uh who

knows could be some more legal issues

but you know what I'm sure they've got

plenty of legal staff left over at

Twitter to deal with all the madness hey

I do they have to deal with all the FC

FTC uh investigations as well uh into

into users data right the uh the Federal

Trade Commission and the FCC I think

both of them are involved I'm not

exactly sure which agency it is but one

of them or both of them are

investigating the safeguarding of users

data and this is why you have the Biden

Administration somewhat implying that

hey uh you know don't you have like uh

investors from Saudi Arabia that helped

fund potentially a billion plus dollars

of your Twitter investment and what

access do they have to company data I I

also I think that's kind of a weird

request like if you're an investor from

Saudi Arabia and you're like Elon I want

to invest in your company but I want all

your user data I don't really see Elon

going for that so uh that's not really

for the point score on the lease I'm

gonna give a w to Elon on that one so

I'm gonna say two w Elon one L for w I

definitely don't have to give Elon an L

for his crazy uh like trumpisms now I'm

not trying to bag on Trump here and I'm

also not not trying to bag on Trump here

I think Trump was I think we can all

agree that Trump was a little bit of a

loose cannon with some of the things

that he would say on Twitter and some of

you all argued he was just a loose

cannon with everything but I don't don't

think that if you're a CEO you should

strive to be a loose cannon especially

when you know all of your Madness is

kind of hurting your Twitter and Tesla

shareholders most importantly your Tesla

shareholders and I'm really feeling that

one okay but I gotta give Elon an L for

this

you know when the Associated Press comes

out and says hey you know we interviewed

some people some Online safety experts

and they think you giving amnesty to

suspended accounts who've previously

maybe uh violently threatened people or

or whatever right we think that could

lead to a rise in harassment hate speech

or misinformation now obviously elon's

gonna argue hey is you know as long as

somebody didn't do anything illegal uh

they should come back and and no that's

okay I I can agree with that I guess

threatening to kill somebody would

probably that's probably illegal but

anyway the point is the Associated Press

posted this uh and uh didn't realize

that it was so far out of uh the camera

there for a moment anyway the Associated

Press here you know what we'll do there

salt the Associated Press posted this

here

and uh Elon Musk replies Associated

Press is such an ex expert in

misinformation Twitter couldn't hope to

compete a little rough a little rough

and and I know some of you might be

saying it's true though I get that I I

appreciate that perspective I just don't

think even if it's true it's the best

idea for Elon Musk to be spewing this

kind of stuff because some people are

just going to have this belief of like

Trump's already back and his name is

Elon Musk just kind of spewing uh stuff

uh and in this example here I mean I

look I felt like the media was rigged

against me when I ran for governor in

California and I had journalists come to

me professional journalists who once

whom I've respected and uh and and you

know they're on TV they're still on TV

in California and they've come up to me

at Coffee meetings or otherwise and have

said Kevin

like the corporate side rigged that's

why you don't get as much coverage

running against Gavin Newsom I'm like ah

ah and I'm looking at the wrong camera

again makes sense

I'm messing up camera angles today yeah

whatever anyway uh next one is uh after

our Twitter's contract expired with one

software vendor Elon under Elon musk's

ownership that company voided a discount

it had given to Twitter

I I really doubt Yvonne cares about that

voided discount so we talked about a

credit card thing so we're two for two

two wins two losses

and uh oh yeah here's an interesting one

Elon Musk argued that the company food

cost approximately 400 per lunch served

that's probably because there was a lot

of waste and all the food wasn't

actually being used and the payroll

costs and food costs are really really

high to keep a stocked kitchen imagine

like those cruise ships like how much of

the stuff doesn't get eaten and then

they they I mean they they obviously try

to reuse that stuff and then you know

like oh the beans didn't get used let's

uh turn them into refried beans yeah I

mean like I I don't know if that's

actually what happens but I just imagine

uh musk also issued an order to slow or

in some cases halt transfers of funds to

Twitter's vendors and Contract Services

this is also relating to the travel one

uh oh I'm gonna give him a w by the way

for the cafeteria thing I think cutting

back on that's actually a really good

idea just cut back on some of the perks

get the people out who are only there

for the perks keep the hard workers

rehire good people and then once you're

profitable slowly start reintroducing

perks I actually think that's smart so

that's three Elon two uh W's and and one

L and apparently Twitter's Partnerships

team was also instructed to renegotiate

its multi-year content deals with major

sports entities like one it struck with

the NFL in which the social media

company pays the league to produce

exclusive audio and video content for

its platform

quite interesting okay

then uh you know I think renegotiating

is kind of lumped into some of the other

things I mean we could say that's

another W for Elon so you know give him

four if we'd like uh okay yeah I'll

definitely give him four because they're

also trying to renegotiate deals with

Amazon and Oracle uh who probably would

you know provide some kind of uh

software server uh setup this is um

honestly that's it's there's more W here

than there is L I think some of these

moves are brilliant business lessons uh

remember that it's very very expensive

to have employees and cutting 50 to 75

percent of the employees and the

platforms apparently at least looking

like it's doing fine if not better

God look I've got a lot of respect for

Elon it's doing pretty well you know

keep it up again maybe shut the f up on

on Twitter with with some of the strong

opinions but um

hey there you have it thanks for

watching happy Black Friday and we'll

see in the next one goodbye