Twitter sued by landlord at S.F. HQ after alleged $6.8 million in missed rent payments

The landlord of Twitter's San Francisco headquarters sued the social media company on Friday after it allegedly failed to pay almost $6.8 million in rent in December and January. SRI Nine Market Square LLC alleges that Twitter did not pay rent...

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LithiumH
LithiumH
90 · 8 days ago · Reddit

Twitter, which laid off its communications team, didn’t immediately respond to requests for comment.

Throwing shades hard

whiskey_bud
whiskey_bud
42 · 8 days ago · Reddit

Twitter is going to declare bankruptcy. This is a standard tactic when you’re about to file for chapter 11. Their revenue is down 40% year on year, and their new debt service obligations are estimated at $1B annually due to the deal Elon made to acquire it. They weren’t even profitable last year, on top of all that. So unless Elon wants to dig deep into his Tesla equity piggybank (which he won’t do, especially since the stock price has tanked), they’re definitely going to go bankrupt. That doesn’t mean they’ll disappear as a company or product (they won’t), but this type of thing only makes sense if you’re about to file.

Hi_Im_Ken_Adams
Hi_Im_Ken_Adams
20 · 8 days ago · Reddit

It's a tactic from the Donald Trump school of business. Don't pay your bills, draw it out in court and force the landlord to settle or make a new deal with lower rent.

Admirable_Nothing
Admirable_Nothing
6 · 8 days ago · Reddit

I expect we will see a bankruptcy filing by Musk in the coming months.

whittlingcanbefatal
whittlingcanbefatal
5 · 8 days ago · Reddit

It’s strange for a guy who hates work-from-home, one would think he would pay the office rent.