Twitter Inc. is being sued over allegedly unpaid rent at its headquarters building in San Francisco, adding to legal battles between the social-media company and vendors sinceThe landlord, SRI Nine Market Square LLC, alleged in a lawsuit that Twitter failed to make a roughly $3.4 million rent payment for December and a similarly sized payment for January.
In the complaint filed Friday in San Francisco Superior Court, the landlord said it drew on Twitter’s letter of credit to try to cover the missed payments, but that the company still owes $3.16 million. The landlord is seeking payment for unpaid rent and other damages, according to the legal filing. The lawsuit was previously reported by the San Francisco Business Times.
Mr. Musk acquired Twitter in late October in a deal valued at $44 billion, funded partly through the company’sMr. Musk has sought to slash costs at Twitter since taking over,
Cry more Nobody believes your 💩
Giving free publicity to twitter. I guess?
Is this true Mr.Tweet elonmusk?
Twitter still renting?! After all the years?! After all the billions made?!
Deflection from vaccine deaths
Negotiating tactic. He’s paying $20MM /yr in rent, and wants a better deal.
EM is beginning to sound more & more like TFG
I bet he moves it from San Francisco
Meh. This is a non story
standard eviction proceeding to lower the revenue of the City and State. Just business as usual.
Recycling this stale hit piece?
Fine. Finish the story. Tell us the entire story.
Pelosi gets away with insider trading, HedgeFunds Fuck over 401K's but yet the ENTIRE WORLD is supposed to grin and bear it?
That poor landlord. 'LAND LORD'. Unbelievable. Bet it's at minimum 500K/ YR. WTF has this country become?
evict Elon
They’re probably in the middle of negotiations.
Singapore and London
sendvidbot
How is it that they’re even still there? City should be grateful for any tax base remaining
FAFO
A billionaire can't pay his rent .yet hard working families struggling do. Something is wrong with this picture
Shouldn’t the city just pay his rent if he doesn’t want to?
Yawn
You want your rent, clean all that filth off your street. Do that and I’ll pay you your rent no problem
Of all the shit happening right now.. the WSJ is worried about unpaid rent!! I’ll just keep scrolling past this HUGE ISSUE..
Elon should just call Ro Khanna. Ro represents San Francisco and is leading the fight to cancel landlord rights to evict tenants?
People still pay rent in SF?
Twitter following Trump’s playbook to screw rule of law
one answer to the question raised during our meeting today CollJamie 🤨
Don’t buy a company you can’t afford.
Wow I’m sure this lawsuit will finally cripple Elon and twitter 🤣
Tell me. How much? I love elonmusk
There are open air drug markets and tent cities on two sides of it. I'd say rent is too high.
fake news
Why wasn’t this mentioned before the sale of Twitter?
Hitpiece du jour recycled and stale. WSJ doth TWTR protest too much ad nauseum.
Close it down and move to Texas.
The liberal attacks are on now that Musk dared to criticize and expose the cabal!
arisparker_5 Again, to predict a pandemic that his predecessor had not prepared for and left all stocks bare. Yet, he put to mercy ships on each coast and tent cities to help in record time. That Cuomo and Newsome squandered and killed 1000s.
Maybe elonmusk needs to move Twitter to friendlier states and cities. There’s an entire world outside of the coasts, much more San Francisco.
Why doesn’t the landlord just become more hardcore?
Actually Singapore&London too
He's no paid the rent on a government building in London either 🤣🤣
Lawfare. We need legislation to stop lawfare.
JEdwardWhitt
Why isn't the FBI paying the rent for it's former SF Field Office?
Twitter didn’t respond because they have no PR department.
elonmusk it is time to find a new headquarters no rent when you can own your own property…. What a waste of money. You can make more 🚀 with this rent.
Remote work advocate once again..
❤️
Look how matrix is trying hard to attack elonmusk 😂😂. If twitter remains like this, matrix media will go bankrupt soon.😂😂
He’s as good s businessman as “Bankruptcy “ Trump. 😂😂😂
very trumpian, elmo
Sounds familiar.
I would assume affordability is not the problem. Perhaps elonmusk found mould in the building and withheld rent?
You guys are so naive. Tactic to renegotiate given SF is a ghost city. Smart.
Not sure if it’s still going, but San Fran passed a Covid measure that prohibited landlords from evicting tenants for not paying rent.
🌚
Better step up the Blue subscriptions everyone!
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Source: SFBusinessTimes - 🏆 78. / 68 Read more »