They denounce Twitter for not paying the rent of its offices

by time news

A Elon Musk It can be very expensive for him to play to gain control of Twitter. The company has been denounced for failing to pay up to $136,260 for the rental from his office in San Francisco, as reported by ‘Bloomberg’ this Saturday, citing court documents filed last week with the State Court.

Since he took control of the red social Last October, Musk has taken a series of drastic measures to try to reduce the company’s costs and clean up its accounts. Among these measures are to stop paying the rent for its headquarters and the offices it has around the world, according to The New York Times.

In 2017, Twitter signed a seven-year lease for which it would locate its headquarters on the 30th floor of the Hartford Building, a skyscraper located in the financial district of San Francisco. The landlord of the building has now chosen to sue the company after it failed to meet the payment term for that rent, which ended on December 21.

In addition to refusing to pay the rent for his offices, Musk has applied other changes to cut out Twitter expenses like dismissal of almost 60% of its workforce and it is considering not paying compensation to these former employees, which could generate new complaints.

Musk is resorting to this abrupt strategy to try to revive Twitter’s dwindling business, in order to recover his investment, of 44,000 million dollars, well above the real value of the platform. Still, the wave of controversial decisions is hitting the tycoon’s fortune squarely. In recent months, Musk has become the first person in history to lose $200 billion of assets.

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