Sunday, July 14, 2024

Twitter Forced to Move Out of Office for Not Paying Rent

A judge has ordered Twitter to vacate its office in Boulder after failing to pay rent for three months. The company has encountered difficulties since Elon Musk took over, including reports of unpaid bills and a decline in its operations.

The landlord, Lot 2 SBO LLC, had been using a letter of credit worth $968,000 to cover the rent. However, the funds were depleted in March. The eviction is scheduled to take place before the end of July. The Boulder office previously employed approximately 300 people, but the number has likely decreased due to layoffs, firings, and resignations.

In addition to the eviction case, a separate cleaning company is seeking $93,504 in unpaid fees from Twitter. The company has not provided any comments regarding these matters.

Related Articles

Latest Articles