May 30, 2023

Landlords Plan Legal Action Against Twitter Over Unpaid Rent At Several Office Locations

Landlords are teaming as much as go after social media large Twitter over unpaid hire, together with its headquarters in San Francisco and British workplaces.

After Elon Musk acquired Twitter final yr for $44 billion and since taking on as CEO, he has gone on an excessive cost-cutting rampage that apparently includes not paying payments as a technique.

Musk’s technique has additionally included heavy layoffs and auctioning of firm memorabilia and workplace furnishings.

California court docket paperwork declare the corporate didn’t pay hire for its head workplace, and London landlords accuse the corporate of not paying as effectively, the Related Press reported.

Twitter went to court docket earlier this month after it turned delinquent on rental funds for one more San Francisco location.

Musk should spend time coping with Twitter plus his different authorized woes. Over the previous few days, the Tesla CEO has been testifying in one other class-action case from the electrical automobile firm’s traders, who declare his 2017 tweet misled them about funding to take the corporate non-public.