Twitter faces lawsuits over unpaid rent

FILE – A Twitter logo outside the company’s San Francisco offices on Dec. 19, 2022. (AP Photo/Jeff Chiu, File)

LONDON (AP) — Twitter is facing a series of lawsuits over unpaid rent at its San Francisco headquarters and offices in Britain, a new legal headache for its billionaire owner Elon Musk, who is seeking to slash spending.

One lawsuit is over rent owed at the headquarters, according to California court documents. On the other hand, the owner of his premises in London says that he will sue the company for his debt.

Musk is slashing costs since last year’s $44 billion purchase of Twitter left the company in debt for $1 billion a year in interest. This month he was already facing another lawsuit for late rent payments for another office in San Francisco.

For the past few days, Musk has been testifying in a class action lawsuit by Tesla investors, who allege his 2017 tweet misled them about funding to delist the electric car maker.

The Tesla CEO’s strategy to cut Twitter’s costs has also included drastic job cuts and auctioning off high-end office objects and furniture.

Twitter did not respond to a request for comment. His communications department was shut down after Musk acquired the company.

The owner of the San Francisco headquarters, located at 1355 Market Street, a major artery in the city, is suing because Twitter failed to pay last month’s rent, according to documents filed Friday in California Superior Court.

The debt, according to the company that owns Sri Nine Market Square LLC, is $3.4 million.

In Britain, the Crown Estate has launched a lawsuit against Twitter because the company fell behind in paying rent for its offices near Piccadilly Circus in central London.

A spokeswoman for the Crown Estate, which owns some of London’s most expensive properties, said it took the move after being in contact on Twitter about the unpaid rent and is still in talks with the company, without commenting. in details.

The Crown Estate is a huge portfolio of properties, including some of the crown.

Written by Argentina News

Corresponsal de Argentina, Encargado de seleccionar las noticias más relevantes de su interés a nuestro sitio web

They ate on the road, they spent $16,000 and a detail on the ticket made them angry

Germany questioned at the Council of Europe by a Ukrainian elected official about the deliveries of Leopard tanks / France News