It looks like Twitter’s woes are only increasing for the company. While Elon Musk seems to be doing well on the Tesla and mission to Mars front, the same can be said for the social media platform. Columbia Reit has filed a lawsuit against Twitter for failing to pay office rent to the tune of $136,250.
If you’ve been following my articles these last few months, you’ll notice the ups and downs of Twitter lately. We’ve seen Elon Musk make a poll on if he should resign as CEO, blaming bots when he lost and then saying he’s going to employ an idiot for the position. Even after so many employees left the company, it was clear that things were only going to go downhill from there.
Now, the head office of Twitter in San Francisco is in trouble. It failed to pay rent recently, prompting Columbia Reit as the landlord to request immediate payment. Since none was received, it went ahead and filed a lawsuit to claim for the financial loss it incurred. To make matters worse, Twitter was sued when it didn’t pay for two chartered flights.
So this begs two questions. Firstly, does Elon or Twitter believe they are above paying rent or for flights now? Alternatively, does this situation highlight that the company is in financial trouble, and not even Elon can save them now.
It would be interesting to know if Twitter was in this sort of trouble before Elon bought them out. Perhaps that’s why the company was so eager for someone to purchase the platform. They saw the financial crisis coming and needed someone to bail them out.
There’s no news as yet as to what will happen to the San Francisco office. If Twitter doesn’t pay the landlord, it means plenty of staff will be without a place to work. Or maybe these are the guys that left the company last year, and Elon doesn’t know what to do with the office space as yet.
We’ll keep our eyes open for further news.
