Twitter no longer pays its rent since the arrival of Elon Musk

Twitter no longer pays its rent since the arrival of Elon Musk

Twitter headquarters owner Columbia Property Trust said unpaid rent was $136,260.

Twitter hasn’t paid rent for its San Francisco headquarters since billionaire Elon Musk took control of the company in October, according to a new lawsuit filed last Thursday. The owner of the Twitter headquarters, Columbia Property Trust, said the unpaid rent amounted to 136,260 dollars (129,218 euros).

Elon Musk has been in a difficult situation since he took the helm of the social network, the cost and workforce reductions carried out under his direction having 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.

Amid an exodus of prominent Twitter accounts from the platform since Musk took over, such as CBS News, Musk has faced a series of controversies over his implementation of new policies such as Twitter Blue, 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.

Melissa Galbraith
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.