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Twitter did not have to pay heavy office rent in America, lawsuit filed against the company

Microblogging site Twitter’s difficulties have increased due to non-payment of office rent in San Francisco, USA. A case has been filed against the company in the court. Twitter owes $1,36,250 in rent. Columbia Reit, the owner of this office, has said that it had given notice to Twitter on December 16 that it would default on its lease if the rent was not paid.

According to Bloomberg’s report, in the complaint filed in the court, Columbia Reit has claimed that Twitter has not followed the terms of the agreement. Twitter But was also sued in December for refusing to pay for two charter flights. In another report, it has been told that the company has not paid the rent of its headquarters and some other international offices for a few weeks.

Billionaire Elon Musk Since the takeover of Twitter in October last year, major changes are being made in the company. After gaining control of Twitter, Musk laid off almost half the staff. After this, after banning the Twitter accounts of some journalists, he had to face strong opposition. Regarding this, the European Union (EU) had warned of restrictions on Twitter. However, Musk later withdrew this decision. These journalists were banned for giving reports related to Musk. Musk is also the chief executive of electric car maker Tesla. Tesla’s value has dropped by more than half since Musk made a bid for microblogging site Twitter in April. Musk has sold about $23 billion of the company’s shares since April. This can make it easier for them to raise funds for the $ 44 billion deal to buy Twitter.

Musk’s title of the world’s richest person has also been snatched due to the fall in Tesla’s share price. According to Forbes, Musk’s net worth has come down to around $174 billion. French businessman Bernard Arnault has left behind Musk and achieved the title of the world’s richest person. Musk has been facing difficulties since buying Twitter.

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