LONDON — More landlords are taking Twitter to court over unpaid rent at the social media company’s headquarters in San Francisco and its British offices — the latest legal headaches for billionaire owner Elon Musk, who has been trying to slash expenses.
It comes as Musk has been testifying in recent days in a separate class-action lawsuit from Tesla investors alleging his 2017 tweet misled them about funding to take the electric carmaker private.The Tesla CEO’s cost-cutting strategy for Twitter also has included gutting the company’s workforce and auctioning off memorabilia and fancy office furniture.
The owner of Twitter’s San Francisco headquarters, located at 1355 Market St., is suing the company after it failed to make its latest monthly rent payment, according to documents filed Friday with the Superior Court of California. Twitter, which has had a lease for three floors in the building since 2011, had fallen behind on a similar amount of rent in December, which Sri Nine Market Square recouped from a letter of credit that Twitter had put up as a security deposit, the filing said.
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