The owner of Twitter's headquarters in San Francisco has sued the social media giant, alleging the company has missed two rent payments at its 1355 Market St. building.
Shorenstein and its partner, JPMorgan, are also seeking to force Twitter to increase its security deposit by $10 million — something the company is required to do per the terms of its lease, according to the suit, if it undergoes"a transfer in control." Twitter, which provided a $3.63 million letter of credit to serve as a security deposit for its offices in the building, told Shorenstein it was"not required" to increase its deposit, per the the landlord's complaint.
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Pioneering BitTorrent tech firm closes San Francisco HQ - San Francisco Business TimesThe tech pioneer behind peer-to-peer file sharing software μtorrent is laying off 92 employees.
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