Twitter faces a series of lawsuits for non-payment of rent at its headquarters in San Francisco and its offices in Great Britain, a new legal headache for its billionaire owner Elon Musk, who is looking to slash spending.
a lawsuit It is for rent owed at the central offices, according to California court documents. Besides, the owner of its London stores says he will sue the company for its debt.
Musk is slashing costs since last year’s $44 billion purchase of Twitter left the company in debt for $1 billion a year in interest. This month he was already facing another lawsuit for late rent payments for another office in San Francisco.
Since a few days, Musk is testifying in a Tesla investor class action lawsuit, who allege his 2017 tweet misled them about funding to delist the electric car maker.
The Tesla CEO’s strategy to reduce Twitter’s costs has also included a drastic reduction in jobs and the sale at auction of luxurious office objects and furniture.
The owner of the San Francisco headquarters, located at 1355 Market Street, a major artery in the city, is suing because Twitter failed to pay last month’s rent, according to documents filed Friday in California Superior Court. The debt, according to the company that owns Sri Nine Market Square LLC, is $3.4 million.
In Great Britain, the Crown Estate has launched a lawsuit against Twitter because the company was late in paying the rent for its offices near Piccadilly Circus in the heart of London.
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