Twitter sued after failing to make the $136,250 monthly payment for its San Francisco office premises.
The tenant, Twitter, claims that its landlord, Columbia Reit – 650 California LLC, informed it on December 16 that it would go into default on its lease for the Hartford Building’s 30th floor in five days if the rent wasn’t paid. In the complaint it filed on Thursday in San Francisco’s state court, Columbia Reit claimed that the renter had not complied.
According to a Dec. 13 New York Times article, Twitter hasn’t paid rent at its headquarters or any of its other international locations in weeks. Additionally, the business was sued earlier this month for failing to cover the costs of two charter flights.
Requests for comment from Twitter, which doesn’t have a media division, went unanswered. We are still waiting for an explanation from Elon Musk’s official account.
Twitter sued as a result of complaints by the landlord
For skipping out on rent for its downtown San Francisco headquarters, where the platform purportedly underwent significant cost-cutting under new CEO Elon Musk, Twitter sued by its landlord. According to Columbia Property Trust’s lawsuit, the business owes outstanding rent of $136,260.
Twitter’s freeloading at the beginning of last month, stating that Musk and his advisers sought to renegotiate lease conditions following large layoffs.
The tenant allegedly disobeyed, according to the case Columbia Reit filed last week in the state court of San Francisco. The business was also sued in December 2022 for refusing to pay for two charter flights. According to a different source, Twitter hasn’t paid the rent for its global headquarters or any of its other locations in weeks.
Since Elon Musk took over Twitter, he has been at the center of criticism about how he manages the huge social media platform. In the last quarter of 2022, rumors that Musk, who made many sharp decisions such as thousands of layoffs, Twitter Blue, and banning other social media links on the platform in 2022, refused to pay the rent of the Twitter headquarters in San Francisco, had already emerged in the last quarter of 2022 which. In the first days of 2023, with the news that Twitter sued, Elon Musk does not seem to have started the year well.
Elon Musk allegedly turned San Francisco HQ into a hotel
Due to possible building code violations, San Francisco officials were investigating whether Twitter’s office space has been converted to beds and its headquarters into Elon Musk’s Twitter hotel. A double bed can be seen in one image along with a closet and a pair of slippers.
Elon Musk, according to an ex-employee, has been residing at the corporate headquarters ever since he acquired the company. He told the whole Twitter workforce in an email sent last month that success “would require you to be exceedingly rigorous.” As a consequence of a complaint, the San Francisco Department of Building Inspection has acknowledged that it is looking into possible infractions. According to Mr. Musk, businesses were being criticized by the city for providing mattresses to “weary staff.”
In a tweet that has since been deleted, Mr. Musk promised to work and sleep in the office “until the org is solved.” In the images, Twitter couches are being used as beds. An alarm clock and an image of a made-up bed can be found in a different conference room.
It looks like a hotel room, remarked a former worker. They went on to say that Mr. Musk frequently takes naps at the Twitter headquarters in San Francisco. Last month, Mr. Musk, who took over Twitter in October, sent an email to the company’s staff alerting them that they would need to work “long hours at high intensity.” The only thing that will qualify as a passing grade is an excellent achievement,” he said.
Twitter sued as a result of rumors and unpaid rent at San Francisco HQ. Do you think Elon Musk is economically in a quagmire? In the last weeks of 2022, we have conveyed to you the serious declines in the shares of other companies owned by Musk and the interesting decisions taken. Maybe that’s why Elon wants to step down as Twitter CEO.