The arrival of Elon Musk to the board of directors of Twitter continues to give a lot to talk about. Far from stabilizing the company’s situation, the tycoon is now facing a new setback: a lawsuit for non-payment of rent for his offices.
Musk, who two weeks ago ceased to be the richest man in the world, is cutting costs in an attempt to get ahead. The owner of Tesla, which bought Twitter for 44,000 million, accumulates lawsuits for not paying the rent bills of many of its offices around the world, including the headquarters in San Francisco.
The owner of Tesla accumulates lawsuits for not paying the rent of his offices
The Twitter logo at the company’s offices in San Francisco
Noah Berger / AP
Columbia Reit, owner of the property, warned the company that it had until December 21 to make the payment. In addition to skimping on rent, the tycoon has instructed his employees not to pay suppliers, according to The New York Times.
The Twitter management would also be weighing the consequences of not paying the compensation corresponding to the massive dismissal of employees. It is evident that the social network will face problems with the law in the short term as a consequence of its these decisions.
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This is not the first time that the new CEO has refused to meet the company’s expenses; Musk will also face a lawsuit filed by Private Jet Services Group after refusing to pay $197,725 for private flights for some of the executives.
Musk will also have to face a lawsuit filed by Private Jet Services Group
Twitter owes a total of $136,260 in one month’s rent for the large San Francisco office, according to court documents filed in State Court. The company works on the 30th floor of the Hartford Building, a skyscraper located in the financial district of the mountainous city in the state of California.
Twitter headquarters is located at the intersection of Market Street and 10th Street on November 4, 2022 in San Francisco, California
David Odisho / AFP
Since the billionaire bought the social network last October after months of lawsuits and clashes with the old board of directors, the company’s organization has not stopped tumbling. The eccentric decisions of the tycoon have left Twitter on a tightrope, even going so far as to talk about its possible final closure.
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Just a few days ago, Musk tweeted that he would resign as CEO of Twitter “as soon as I find someone dumb enough to take over.” This happened shortly after the tycoon carried out a survey on his social network profile in which users voted for his resignation: 58.7% voted in favor of his resignation.
