Friday, May 17, 2024

Elon Musk’s “app” is being sued by the owner of Twitter’s corporate offices for non-payment.

Elon Musk's "app" is being sued by the owner of Twitter's corporate offices for non-payment.

Elon Musk’s “app” is being sued by the owner of Twitter’s corporate offices for non-payment.

The social network had not paid the rent for its offices in San Francisco for weeks.
It is not the first complaint that the application has received recently for this reason.

The company that owns the Twitter headquarters, located in San Francisco, has filed a lawsuit for non-payment of rent.

Elon Musk's "app" is being sued by the owner of Twitter's corporate offices for non-payment.

It should be kept in mind that the social network has not been paying payments for weeks, according to reports from various American media.
According to the “San Francisco Business Times,” SRI Nine Market Square LLC, the venue’s owner, claims that the applicant owes $3.4 million in rent for December and a comparable sum for this month.

Elon Musk has worked to reduce costs on the app ever since he assumed control of it approximately three months ago.

More than half of the company’s employees have left since then. According to the billionaire himself, it presently employs a total of 2,300 people.

The executive has also departed without paying the rent for the company’s jet as well as for other facilities that the “app” has spread throughout the globe.

It’s not the only complaint that Twitter has received as a result of recent defaults; SRI Nine Market Square’s case was filed last Friday in San Francisco Superior Court.

A transport company, a software supplier, and the owner of other offices that the application rented are also named plaintiffs.

Musk has taken several frantic actions in the last several weeks to try to turn around the app’s financial predicament.

Along with other things, he announced the launch of new Twitter membership choices and auctioned off corporate furniture.

He recently announced the impending release of a feature that will allow Internet users to travel inside the “app” without ever seeing any advertising in exchange for money.

The social network’s most significant revenue generator, advertising, has suffered significant harm ever since Musk did acquire ownership.

According to estimates, the money the social network receives from the application is presently 40% lower than it was a year ago.

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