Sboll is Your Go-to Source for the Latest Finance News, Covering Markets, Banking, Investments, Economy and Stocks.
⎯ 《 Sboll • Com 》

Twitter to be evicted from Colorado office over unpaid rent

2023-06-15 03:48
Elon Musk’s Twitter is set to be evicted from their office in Colorado after the social media platform failed to pay its rent, according to reports. A judge signed an order on 31 May giving law enforcement 49 days to kick Twitter out of the office at 3401 Bluff Street in Boulder, Colorado, reported The Denver Post. The company once had 300 employees at the 65,000sq-ft office, but it is unknown if anyone even still works there after sweeping job cuts made by the billionaire after he bought the company last October. Last year, Twitter fired 87 employees at the Boulder, with another 38 voluntarily resigning, according to a November notice to the Colorado Department of Labor and Employment. Twitter’s landlords filed a complaint for unpaid rent against the company on 12 May, with court papers stating that the platform leased four units in the building in February 2020. The landlord stated that a default notice to Twitter was ignored and they instead used a letter of credit deposited by Twitter as security for the offices to pay $968,000 in rent, the newspaper reported. The landlord then asked Twitter to replenish the security deposit but says that the company ignored the request. The platform was also sued last month by Boulder’s Avalanche Commercial Cleaning for around $93,500 for unpaid bills. A request for comment from The Independent received an auto-reply with a poop emoji from Twitter. Read More Elon Musk to launch biggest ever rocket after dramatic failure Elon Musk eyes ‘highly habitable’ planet that’s ‘practically next door’ Jack Dorsey says Indian government threatened to ‘shut Twitter down’ and raid staff homes Elon Musk is hilariously shut down by his ‘favourite’ podcast Elon Musk appears to side with Republican shamed for criticising Megan Fox’s parenting
Twitter to be evicted from Colorado office over unpaid rent

Elon Musk’s Twitter is set to be evicted from their office in Colorado after the social media platform failed to pay its rent, according to reports.

A judge signed an order on 31 May giving law enforcement 49 days to kick Twitter out of the office at 3401 Bluff Street in Boulder, Colorado, reported The Denver Post.

The company once had 300 employees at the 65,000sq-ft office, but it is unknown if anyone even still works there after sweeping job cuts made by the billionaire after he bought the company last October.

Last year, Twitter fired 87 employees at the Boulder, with another 38 voluntarily resigning, according to a November notice to the Colorado Department of Labor and Employment.

Twitter’s landlords filed a complaint for unpaid rent against the company on 12 May, with court papers stating that the platform leased four units in the building in February 2020.

The landlord stated that a default notice to Twitter was ignored and they instead used a letter of credit deposited by Twitter as security for the offices to pay $968,000 in rent, the newspaper reported.

The landlord then asked Twitter to replenish the security deposit but says that the company ignored the request.

The platform was also sued last month by Boulder’s Avalanche Commercial Cleaning for around $93,500 for unpaid bills.

A request for comment from The Independent received an auto-reply with a poop emoji from Twitter.

Read More

Elon Musk to launch biggest ever rocket after dramatic failure

Elon Musk eyes ‘highly habitable’ planet that’s ‘practically next door’

Jack Dorsey says Indian government threatened to ‘shut Twitter down’ and raid staff homes

Elon Musk is hilariously shut down by his ‘favourite’ podcast

Elon Musk appears to side with Republican shamed for criticising Megan Fox’s parenting

Tags tech