Twitter Sued for Unpaid Rent on Its US Headquarters and UK Office

Twitter Sued for Unpaid Rent on Its US Headquarters and UK Office

Twitter, the social media giant, is currently facing lawsuits from multiple landlords over unpaid rent at the company's headquarters in San Francisco and its British offices.

This legal trouble comes as Twitter's billionaire owner, Elon Musk, has been implementing a cost-cutting strategy for the company, which includes layoffs, and selling off memorabilia and office furniture.

The owner of Twitter's San Francisco headquarters, located at 1355 Market Street, is suing the company for failing to make its latest monthly rent payment of $3.4 million. Another landlord in London is also taking Twitter to court over unpaid rent.

This is not the first time Twitter has been taken to court over rent in the recent past, earlier this month the company was sued for falling behind on rent at another San Francisco office.

The lawsuits come as Musk is also currently testifying in a separate class-action lawsuit brought by Tesla investors, who allege that his 2017 tweet misled them about funding to take the electric carmaker private.

Twitter has not responded to requests for comment, but it is worth noting that the company's communications department was shut down after Musk's acquisition.

The owner of the San Francisco headquarters, Sri Nine Market Square LLC, is seeking late fees, interest, and attorney's fees in addition to the unpaid rent.

In the UK, the Crown Estate, which owns some of the most expensive real estate in London, has started court proceedings against Twitter for falling behind on rent at its offices near Piccadilly Circus in central London. A spokeswoman for the Crown Estate said that the company is in talks with Twitter, but did not provide any further information.

Overall, it seems that Twitter is facing a number of legal and financial challenges as Musk's cost-cutting strategy continues to take its toll on the company.

Post a Comment

Previous Post Next Post

Contact Form