Twitter faces lawsuits over alleged unpaid rent for US HQ, UK office

Updated : Jan 26, 2023 19:25
|
PTI

More landlords are taking Twitter to court over unpaid rent at the social media company's headquarters in San Francisco and its British offices — the latest legal headaches for billionaire owner Elon Musk, who has been trying to slash expenses.

Twitter is facing a lawsuit over allegations it failed to pay rent for its head office, according to California court documents. The owner of its premises in central London, meanwhile, said it's taking the company to court over rental debt.

Musk is making extreme cost cuts after his USD 44 billion deal last year to buy Twitter left the company on the hook for about USD 1 billion a year in interest payments.

Twitter has already been taken to court this month for falling behind on rent at another San Francisco office.

It comes as Musk has been testifying in recent days in a separate class-action lawsuit from Tesla investors alleging his 2017 tweet misled them about funding to take the electric carmaker private.

Also Watch: Watch Elon Musk finally fulfills YouTuber's wish to 'hug' him

lawsuitTwitterOfficeRenting

Recommended For You

editorji | World

India abstains from UNGA resolution demanding return of Ukrainian children from Russia

editorji | World

India rushes Bailey bridge, water units to Sri Lanka; shares digital disaster-response toolkit

editorji | World

Trump admin orders H-1B, H-4 visa applicants to make social media profiles public

editorji | World

Trump says Putin wants to end war, US to hold new talks with Ukraine

editorji | World

Doctor who sold ketamine to 'Friends' star Matthew Perry gets 2.5 years in prison