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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.

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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 .

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