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TWITTER FACES LAWSUITS OVER UNPAID RENT FOR US HQ UK OFFICE
AppleMagazine
|January 27, 2023
More landlords are taking Twitter to court over unpaid rent, this time at the social media company’s headquarters in San Francisco and its British offices — the latest sign that owner Elon Musk’s extreme cost-cutting strategy includes simply not paying the bills.
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Twitter is facing a lawsuit over allegations it failed to pay rent for its head office, according to California court documents. The owner of its premises in central London, meanwhile, said it’s taking the company to court over rental debt.
Musk is slashing costs after his $44 billion deal last year to buy Twitter left the company on the hook for about $1 billion in annual interest payments. Twitter has already been taken to court this month for falling behind on rent at another San Francisco office.
It’s the latest legal headache for Musk, who has been testifying in recent days in a separate classaction lawsuit from Tesla investors alleging his 2017 tweet misled them about funding to take the electric carmaker private.
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