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Under new owner Elon Musk, Twitter Inc. quit paying rent on its San Francisco headquarters in December, according to a lawsuit filed by the landlord.
The social media company failed to pay the $3.36 million December rent for its offices at 1355 Market Street and the $3.42 million for January rent, Sri Nine Market Square LLC, the owner of the building, said in a lawsuit filed Monday in state court in California.
Since taking over Twitter, the billionaire has been slashing costs. He’s fired half the staff, held back rent on the company’s other offices around the world
The social media company failed to pay the $3.36 million December rent for its offices at 1355 Market Street and the $3.42 million for January rent, Sri Nine Market Square LLC, the owner of the building, said in a lawsuit filed Monday in state court in California.
Since taking over Twitter, the billionaire has been slashing costs. He’s fired half the staff, held back rent on the company’s other offices around the world
