Landlords keep suing Elon Musk’s Twitter over unpaid rent

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More landlords are suing Twitter for unpaid rent, this time at the social media company’s headquarters in San Francisco and its UK offices—the latest indication that owner Elon Musk’s extreme cost-cutting strategy includes simply not paying the bills.

According to California court documents, Twitter is being sued for allegedly failing to pay rent for its headquarters. Meanwhile, the owner of the company’s central London headquarters has announced that it will sue the company for unpaid rent. Musk is cutting costs after his $44 billion deal to buy Twitter last year left the company liable for about $1 billion in annual interest payments. This month, Twitter was taken to court for failing to pay rent at another San Francisco office.

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Landlords keep suing Elon Musk’s Twitter over unpaid rent

More landlords are suing Twitter for unpaid rent, this time at the social media company’s headquarters in San Francisco and its UK offices—the latest indication that owner Elon Musk’s extreme cost-cutting strategy includes simply not paying the bills.

According to California court documents, Twitter is being sued for allegedly failing to pay rent for its headquarters. Meanwhile, the owner of the company’s central London headquarters has announced that it will sue the company for unpaid rent. Musk is cutting costs after his $44 billion deal to buy Twitter last year left the company liable for about $1 billion in annual interest payments. This month, Twitter was taken to court for failing to pay rent at another San Francisco office.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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