With all the internal turmoil that’s been happening with Twitter over the last few months, the last thing the company needs is a lawsuit. But last week, the landlord of Twitter’s office space in San Francisco filed a lawsuit, claiming the company has failed to pay its rent for several months.
On behalf of the Hartford Building on 650 California Street, which houses one of Twitter’s offices, Columbia Property Trust filed the suit. They claim that Twitter owes the building $136,260 in rent.
The Landlord Is Prepared To Escalate Things If The Money Is Not Paid.
The landlord, identified as Columbia Reit – 650 California, sent Twitter a notice about past rent due back on December 16th of 2022.
The Notice States That They Would Take Legal Action If The Money Is Not Paid.
Insider reports that Columbia Reit could potentially begin the eviction process if Twitter doesn’t come up with the money for its rent.
Back In December, News Broke That Twitter Had Not Been Paying Its Rent.
The New York Times reported that Twitter had not been paying its rent for weeks, as CNBC confirmed . Reportedly, this was because Elon Musk , owner of the company, was in the midst of renegotiating deals with its office spaces.
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Musk Purchased Twitter In October Of 2022.
For a groundbreaking $44 billion, Musk became Twitter’s owner and CEO. He quickly began making changes to the platform’s staff, which resulted in mass layoffs.
Musk Has Already Closed Some Offices.
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The Seattle Twitter offices have closed, and the New York Post reports that security and janitorial services have been cut in several locations, including the New York and San Francisco offices.
All The While, Twitter Has Been Losing Revenue.
Several reports have been released stating that Musk has been finding different ways to cut costs as a result of lost revenue. In the months since Twitter’s sale, Musk has laid more employees off and recently ordered key servers to be shut down.
The Company Is Late On Payments For A Number Of Vendors.
In addition to not paying its rent, Twitter has delayed payments to vendors such as accountants. On top of all that, a separate lawsuit had previously been filed for $200,000 in unpaid chartered flights for Musk when he first took over.
Elon Musk Has Lost A Good Chunk Of Revenue After His Twitter Takeover.
After purchasing the website, Musk became the first ever man to lose $200 billion .
In December, Elon Musk Announced He Is Stepping Down As Twitter’s CEO.
After launching a Twitter poll in December asking users to decide his fate as CEO , Musk agreed to step down once he finds a suitable replacement.
