According to the lawsuit, which was previously published by the San Francisco Business Times, the real estate company claimed that it has gotten by so far by utilizing Twitter’s letter of credit to assist cover part of the unpaid rent, but that Twitter still owes around $3.2 million this month.
Additionally, the landlord claims Twitter broke its lease by refusing to increase the amount of its letter of credit ever since Musk formally acquired the website in October. The landlord’s lawsuit claimed that Twitter had to increase the amount of its letter of credit as a result of the change in ownership, however, it should be emphasized that Twitter refuted this. An email sent to Musk’s Tesla email account and Twitter’s press address didn’t receive a response ahead of publication. Shorenstein declined to comment.
Video Courtesy: MSNBC
The complaint is the most recent since Musk imposed a shift in the platform’s management style, which included firing hundreds of employees and allegedly not paying rent. The owner of Twitter’s Hartford Building, located at 650 California Street, filed a lawsuit against the social media corporation earlier this month for overdue rent totaling $136,260.
Even royalty appears to be vulnerable to Twitter’s purported rent tricks. A real estate company for King Charles III is suing Twitter for unpaid rent in the UK as well. Additionally, laid-off workers have filed a lawsuit against Twitter, claiming they weren’t provided with the severance payment they were promised by the company’s previous management prior to Musk’s takeover.
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