this post was submitted on 19 Oct 2024
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[–] 11111one11111@lemmy.world 6 points 2 months ago (5 children)

Soooo noone here even read the article? Just see Elon and start shitting everywhere? The company suing X was dealing with Twitter before Elon. There was no purchasing contract in place when the suing company placed the $20 million dollar order they are claiming is all custom made and cant be recouped, "the social media platform had not made any firm purchase order when the server dealer went ahead with its purchases and deliveries."

How about we read an article before we start spewing shit everywhere?

[–] Xatolos@reddthat.com 22 points 2 months ago (1 children)

When you read the article, it also points to another article that goes further into this case.

...in 2014 it contracted with Twitter to provide "unique, custom-designed IT infrastructure products including rack solutions."...

Seems it was already approved in 2014 for such a long-term relationship in writing. It seems that Elon just didn't want to pay for it even though Twitter was contractual bound to pay.

[–] exasperation@lemm.ee 14 points 2 months ago (1 children)

There was no purchasing contract in place when the suing company placed the $20 million dollar order they are claiming is all custom made and cant be recouped, "the social media platform had not made any firm purchase order when the server dealer went ahead with its purchases and deliveries."

You're leaving out that the paragraph you're summarizing starts off with "X claims that."

One side says there was a contract. The other side says it wasn't firmed up yet into a binding contract. Neither side has come forward with their evidence.

Also, Wiwynn is also suing for negligent misrepresentation and promissory estoppel, which don't require a contract.

[–] Saik0Shinigami@lemmy.saik0.com 11 points 2 months ago (1 children)

There was no purchasing contract in place when the suing company placed the $20 million dollar order

You think that companies just slap down 20mil without a contract in place?

[–] 11111one11111@lemmy.world 2 points 2 months ago (1 children)

Hahaha yeah otherwise they wouldn't be trying to sue to recoup losses. It happens all the time in sales. I can't even tell you the amount of times I have told new sales reps, I will not place anticipatory PO's without payment confirmation or full compliance with not just the purchase order's parameters for payment on large orders but also an email or otherwise documented acknowledgment of our sales order confirmation. Especially in any case where:

  1. The sales rep has a PO from customer but no payment confirmation/information OR

  2. If it's an order over, let's say $10,000 OR

  3. If it's the first time customer is purchasing from us and they want to make a blanket order OR

  4. If they're an international customer placing ANY orders over $500, or have seperate countries for billing and shipping address, or they're shipping to a country on our "fuck shipping to these countries" list

All those scenarios happen and happen often. Theyre not 100% of nepharious lost revenue cases but I'd say they make up 80-90% of the shit companies have sitting on a warehouse top shelf. Only getting moved to make room for other stuff.

Any business doing fabrications or custom fuckin anything, also will 100% of the time have a signed drawing or print, payment in full before it's released to production floor, usually a +/- 5% runoff or shorting stipulation for any qty over 1,000-3,000 custom anything, and constant communication through out the entire process.

For this exact very real very common shit storm.

So and so's cnc machine broke down we can only make 1,000 of the 10,000 you ordered.

It was a government contract to redo the electrical work at Governor Cuomo's house, how should I know he was going to be removed from office?

Everything this lawsuit outlines, fuckkn screams new business, 1st large contract. All the need is one email, one purchase order, fuck even just a sales order from Twitter and they wouldn't ever make it close to a court house before the Twitter boardmembers looked at the liability, the legal costs and the very slim liklihood they would come out better than if they paid the $20 million. And anyone who argues that $20 Million is enough to try and skip out on and risk letting it go to court has no fucking idea to the quantifiable difference between $20 million and $8-$20 Billion (what im guessing Twitter is still worth assuming it was about $40B when Elon bought and estimates have it between 50% and 80% the value when it sold. Even at the middle $14B, $20M is only 0.14285714% of $14B. No that's not a mistake the decimal is where it should be lol. Check it by multiplying $14B*0.0014285714

[–] Entropywins@lemmy.world 6 points 2 months ago

Wywinn is a 12 year old $7 billion in revenue cloud infrastructure provider (originally a subsidiary of Wistron Corp) and represents 10-15% of worldwide server procurement...they are pretty serious and come from a very serious business background.

[–] uis@lemm.ee 3 points 2 months ago

Wtf "cant be recouped" means for servers?

[–] dan@upvote.au -1 points 2 months ago (1 children)

How about we read an article before we start spewing shit everywhere?

Good luck lol. The top comments are almost always people that didn't actually read the article, just the headline. I see it on practically all social media sites, not just Lemmy.