More landlords are piling on Elon Musk’s Twitter feed for allegedly not paying rent — including, funnily enough, the British monarchy.
According to the Supreme Court lists I have seen The telegraphCrown Properties, which manages the monarchy’s property portfolio, one of Britain’s most expensive digs, has sued Twitter and its UK subsidiary.
The dispute revolves around the lease of Twitter’s London headquarters on Air Street, Piccadilly Circus, where all trademarks have been removed although the company continues to maintain a presence on the site, according to building staff.
To give you an idea of the costs involved in renting such prime properties, Twitter signed a lease for the third floor in 2021 at £2.6m ($3.2m) per annum, however it is understood that the Crown Estate’s claim addresses alleged arrears on the first floor of the property. same building.
Crown Estate said log It has issued legal proceedings to Twitter over rent arrears at its office at 20 Air Street, London, after earlier communication about the situation and is currently in discussions with the company.
The UK and Commonwealth monarch is far from the only entity accusing Twitter of strangling them for the sake of millions. Over the pond, SRI Nine Market Square LLC sued the company claiming $3.16 million in unpaid rent for its San Francisco headquarters plus damages.
As we’re all back at work after the holiday period, Columbia Property Trust claims in a lawsuit that Twitter owes nearly $140,000 for the 30th floor of another SF office, 650 California Street, where reg He also mind.
In Singapore, employees were reportedly told to leave Twitter’s Asia Pacific headquarters and work from home over unpaid rent, although the building’s landlord insists Twitter remains a tenant.
And it’s not just landlords who raise grievances. yesterday log It reported that consulting firm Charles River Associates had sued the company over an alleged unpaid bill of more than $2 million.
Charles River Associates was hired by Twitter’s former management to help get Musk to take over the company for the $44 billion he offered, a deal he then tried to fudge that was forced through a court.
There’s also a private jets company chasing an alleged $197,725 bill for charter flights made the week of Musk’s acquisition in October.
When the SpaceX and Tesla mogul took over Twitter, he claimed the social media platform was losing $4 million a day. He took action by laying off a large number of the 7,400 employees in October, and his “extremely hard-line” management style triggered an exodus of chief cleaners and coal workers alike. There are now just over 2,000 on the books.
If more evidence was needed about how desperate the situation was, last week Twitter arranged an auction of 631 “surplus company assets” including the Neon Bird logo, 107 boxes of N95 masks, a Yamaha digital mixing console and 68 of Belkin Power with eight outlets. The strips are still in the box, the Kegerator beer dispenser, 102 chairs, 97 tables, and 42 stools are among the other ephemera.
However, the site continues to operate. Twitter was asked to comment but we doubt anyone even has a press email login these days. ®
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