Prime row
The Crown Property, which manages the British royal household’s huge property portfolio, has taken Twitter to courtroom, claiming billionaire Elon Musk’s social community has didn’t pay hire for its London workplace house – the fourth lawsuit filed towards Twitter for alleged non-payment of hire as Musk seeks to chop prices. amid a string of high-profile monetary struggles in current months.
The British Crown Property has sued Twitter for allegedly failing to pay hire for its London workplace.
Key information
Twitter, which has take constructing has allegedly didn’t pay hire for its workplace house in London’s West Finish since 2011, in keeping with a lawsuit filed final week at London’s Excessive Courtroom, a number of promoting spots reported.
All Twitter indicators and logos have been faraway from the constructing, though the social media big continues to be inside, Every day Telegraph reported.
The information comes a day after the owner of Twitter’s San Francisco headquarters sued social media firm for $6.8 million for allegedly failing to pay hire on the constructing in December and January, as Musk has made a number of important cuts at Twitter since finishing the acquisition of the corporate final October, together with main dismissals they have an effect on as a lot as half of the corporate’s workforce.
Twitter didn’t instantly reply to a Forbes question.
Key background
Twitter has reportedly not paid the hire for all of its company workplaces for weeks The New York Instances launched in December — two months after Musk accomplished his $44 billion buy of the corporate. The lawsuit in London comes lower than a month after the proprietor of an workplace constructing on California Road in downtown San Francisco filed a lawsuit towards Twitter, claiming the corporate owes greater than $136,000 in again hire, after he despatched a discover in December giving the corporate 5 days to pay the hire earlier than it was in arrears. Twitter got here beneath fireplace once more final week for alleged non-payment of hire at an workplace constructing he not too long ago vacated in Seattle, the place the constructing’s proprietor has filed one other lawsuit towards the corporate, although no greenback quantity was given.
Tangent
Late final yr, Musk laid off roughly half of the corporate’s 7,500 staff, and studies point out that these cuts have affected Twitter’s world workforce, together with massive the entire grouptogether with one chargeable for his disinformation coverage on the platform. The corporate’s former CEO Parag Agrawal and CFO Ned Segal additionally left shortly after Musk took workplace. In one other lawsuit filed final month, the personal jet firm claims Twitter breached its contract by failing to pay almost $200,000 for two constitution flights.
A stunning truth
In an try and recoup among the cash Musk spent shopping for Twitter and after a number of hundred advertisers eliminated their advertisements from the platform—largely because of considerations about content material moderation—Musk additionally auctioned firm memorabilia, together with a statue of the enduring Twitter fowl from the corporate’s headquarters in San Francisco, which offered final week for $100,000.
Subsequent R
The property empire of King Charles III. is hounding Twitter for unpaid hire (Washington Submit)
A King Charles actual property firm is suing Elon Musk’s Twitter over unpaid hire (Enterprise Insider)
