Home » Technology » Twitter stops paying rent since Elon Musk arrived – I24NEWS

Twitter stops paying rent since Elon Musk arrived – I24NEWS

The owner of Twitter’s headquarters, Columbia Property Trust, said unpaid rent was $136,260.

Twitter hasn’t paid the rent on its San Francisco headquarters since billionaire Elon Musk took control of the company in October, according to a new lawsuit filed on Thursday. The owner of the Twitter office, Columbia Property Trust, said the unpaid rent amounted to $136,260 (129,218 euros).

Elon Musk has been in a difficult situation since taking the helm of the social network, the cost and workforce reductions made under his direction have led to thousands of layoffs and the non-payment of some contractors. He explained that a massive drop in revenue was behind the cost-cutting measures and layoffs.

tv/uploads/60/d0/95/49/d4/7c/53/c1/49/6e/38/aa/d6/44/5e/02/60d09549d47c53c1496e38aad6445e02.jpg?width=750&type=webp">tv/uploads/60/d0/95/49/d4/7c/53/c1/49/6e/38/aa/d6/44/5e/02/60d09549d47c53c1496e38aad6445e02.jpg?width=350&type=webp">tv/uploads/60/d0/95/49/d4/7c/53/c1/49/6e/38/aa/d6/44/5e/02/60d09549d47c53c1496e38aad6445e02.jpg?width=750">tv/uploads/60/d0/95/49/d4/7c/53/c1/49/6e/38/aa/d6/44/5e/02/60d09549d47c53c1496e38aad6445e02.jpg?width=350">
Constance HEVIA / AFPTwitter headquarters in San Francisco, California, United States

Amid an exodus of prominent Twitter accounts from the platform since Musk took over, such as CBS News, Musk has faced a number of controversies over his implementation of new policies such as Twitter Blue, which is supposed to be a premium version of the platform.

In December, Elon Musk decided to leave his position as CEO of Twitter as soon as he finds a replacement, after a poll in which more than half (57.5%) of the approximately 17.5 million voters called for his departure .

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.