The owner of Twitter’s San Francisco headquarters sued Elon Musk for not paying rent

The owner of Twitter’s headquarters in San Francisco (California, United States) sued Elon Musk’s company for not paying the renta complaint that thus adds to a list of legal battles that the platform has faced since the billionaire bought the social network last year.

The owner of the eight-story building, SRI Nine Market Square LLC, alleged in a lawsuit filed in San Francisco Superior Court that Twitter hasn’t paid its last two bills – one in December and one in January – each worth $3 million.

Musk took over Twitter in late October for $44 billion, financed in part by the company taking on roughly $13 billion in debt.

The billionaire has sought to cut costs at Twitter since taking over and one of his first measures was to lay off 3,700 employees; according to the portal CNBCthe company has gotten rid of, through layoffs or voluntary departures, 80% of its employees since Musk’s arrival and now has only 1,300 employees.

Last week, Twitter auctioned off furniture, machines and decorations from your company, among other things. A neon sign with a Twitter bird logo sold for around $100,000.

Nevertheless, the social network has lost many of its advertisers since the change of command and the idea of ​​a paid subscription to use Twitter has not been the success that Musk anticipated.

Other companies, including a software provider and a shipping company, have also sued Twitter, alleging defaults.

In addition, an owner of another Twitter office space in San Francisco sued the social network in December for the same reason.

On the other hand, last Friday Elon Musk took the stand at the civil lawsuit for fraud driven against him by Tesla investors who accuse him of millions in losses as a result of a tweet he published in 2018, and denied that there is a «causal relationship» between his messages and the company’s stock market value.

(With information from EFE)

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