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Twitter refused to pay AWS bill, so Amazon refused to pay for ads

80 pointsby moonkaabout 2 years ago

10 comments

fwlrabout 2 years ago
Hey, one of these articles about “Elon’s Twitter isn’t paying its bills” finally said the quiet part out loud:<p>“…AWS is not willing to renegotiate the five-and-a-half year contract it signed with Twitter in 2020 … contract required Twitter to pay $510m over that period … signed when Twitter was expecting to [use AWS heavily], but that never occurred … meaning that Twitter is not fully making use of the contract. … Twitter [paid] $10m in AWS costs a few weeks ago … at least $70 million still outstanding…”<p>“Twitter uses Google Cloud to a greater degree … its own five-year contract worth $1bn … Twitter is up to date on payments”<p>So a $0.5bn contract for the cloud that apparently just serves Twitter Spaces, and a $1bn contract for the cloud that serves the rest of Twitter. “Not fully making use of that contract” indeed, I wonder what the actual utilization metrics say. We can guess: the article claims Twitter paid $10m while owing at least $80m, so this means Twitter is using at most 1&#x2F;8th of the capacity. That’s very close to single-digit-percentage utilization - I understand why Amazon is avoiding re-negotiating that contract, it’s literally free money. Non-payment will certainly bring them back to the negotiating table.<p>Reporting on Twitter’s other non-payments of rent, services, etc. has been more careful to not hint at the reason for non-payment. After all, when someone’s being evasive about paying the rent, we all know it’s because they don’t have the money.
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thomascgalvinabout 2 years ago
Elon&#x27;s bold strategy of &quot;not paying any of his bills&quot; doesn&#x27;t seem like a great way to keep a service up and running, but then again neither does firing any engineer who doesn&#x27;t agree to be on call 24&#x2F;7&#x2F;365 to address Elon&#x27;s little temper tantrums.
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seo-speedwagonabout 2 years ago
I’ve been curious how long you can get away with not paying your AWS bill before they start shutting your stuff off. Obviously it matters how big a customer you are, and I imagine AWS will put up with quite a bit in the hopes of having that contract honored before burning that bridge entirely.<p>What kinds of knobs does AWS have, I wonder? Not allowing new resources to get allocated? Eventually start draining existing resources? I imagine for stateful stuff like DB tables and EBS volumes they might keep them around but inaccessible to Twitter until they pay their bill.<p>I of course am a responsible individual with a flawless credit score so I have no experience with such things myself
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lolcabout 2 years ago
Bet on an ecosystem. Waived due diligence. Didn&#x27;t read the contract. Trampled the biosphere. Now trying to negotiate the bill. Ragequit incoming. Sells for pennies.<p>I have sympathy with consumers who don&#x27;t read the terms. I laugh when rich people misspend billions.
firstSpeakerabout 2 years ago
I thought they have their own data centers. I doubt AWS would close their account or pause their control plane. It is more likely to turn into a new agreement of court forcing them to pay damage for long term contract and then quit the commitment.
RantyDaveabout 2 years ago
Perhaps they could resell the excess capacity? We could use it to run mastodon servers.
pier25about 2 years ago
Why did Elon even buy this thing?<p>He must&#x27;ve known of poor financials before dropping 44 billions.
t344344about 2 years ago
That company loses $5.000.000 per day! Hardly surprising it has troubles paying bills
andrewstuartabout 2 years ago
I wonder what Twitter is worth now.
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codeddesignabout 2 years ago
Oh..how press likes to twist reality. This appears more like intense contract negotiation rather than default.
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