(Washington Insider Magazine) -Since the arrival of Elon Musk, the tycoon has taken drastic measures to reduce the company’s costs, in addition to accumulating lawsuits for non-payment of rent for its offices and other services.
In addition to internal issues, Twitter is now facing a lawsuit over nonpayment of $136,260 in rent at its San Francisco office, according to court documents filed Thursday in San Francisco State Court.
The building’s owner, Columbia Reit – 650 California LLC, alerted the social media giant that it would not pay rent if payment was not received by December 21. Twitter currently occupies the 30th floor of the Hartford Building, a skyscraper located on the edge of San Francisco’s financial district.
Twitter signed a seven-year lease for the office space in 2017.
Since acquiring Twitter for $44 billion in October, its new owner, Elon Musk, has taken drastic steps to cut the company’s costs.
The platform has reportedly not paid rent on any of its global offices in weeks, including its San Francisco headquarters in the city’s Civic Center, The New York Times reports.
The company is also being sued by Private Jet Services Group, LLC, which alleges that Twitter has refused to pay for two charter flights in October, valued at $197,725. The lawsuit was filed in New Hampshire District Court last month.
Twitter And Elon Musk
Since Musk took over Twitter earlier this year, he has implemented a number of changes in addition to cost-cutting measures, including laying off half the workforce and ending the enforcement of Twitter misinformation rules. COVID-19.
Last month, he announced that he would step down as CEO when he finds someone to replace him, a decision made after conducting a poll on Twitter.
This article is written by La Opinion.
