Thursday, February 9, 2023

They Sue Twitter For Not Paying Rent For Their Headquarters In California

owner of headquarters Twitter San Francisco (California, USA) company is sued Elon Musk for not paying rentA complaint that thus adds to the list of legal battles the platform has faced since the billionaire bought the network last year.

owner of an eight-storey building, Shree Nine Market Square LLCA lawsuit filed in San Francisco Superior Court alleges that Twitter He has not paid his last two bills – one in December and the other in January – for the value of each 3 million dollars,

musk was done with Twitter end of october for 44,000 million dollarsPartly funded by the company taking on approximately $13 billion in debt.

Photo: Unsplash

The billionaire has sought to cut costs Twitter Since he took office one of his first actions was to lay off 3,700 employees; According to the CNBC portal, the company has dealt with 80% of its employees through layoffs or voluntary departures since its arrival. musk And now there are only 1,300 employees.

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

However, the social network has lost many of its advertisers since the change of command and the idea of ​​a paid membership to use Twitter it was not a success musk Anticipated.

Other companies, such as a software provider and a shipping company, have also filed suit. Twitter allegation of wrongdoing.

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

Nation World News Desk
Nation World News Deskhttps://nationworldnews.com
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