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Elon found another bill to cut.

The New York Times says Twitter has more-or-less ended negotiations with the big music labels for licensing deals that would have covered any music that was uploaded by users. Most social networks have agreements like this, but Twitter doesn’t.

An agreement could have cost “well over $100 million a year,” the Times reports. So it’s no wonder Musk bailed on negotiations — he isn’t even fond of paying rent right now.