Twitter continues to be the subject of controversy, with multiple reports confirming the social media platform and its CEO Elon Musk are being sued for unpaid rent.
The lawsuit, which was filed by Columbia Property trust, alleges Twitter owes $136,260 in unpaid rent on its San Francisco headquarters. The case comes after it was reported last month Elon wanted to renegotiate the lease amid efforts to cut costs at Twitter.
This isn’t the only lawsuit Elon is facing at the moment. He’s being sued over one of his most controversial money-saving measures – mass lay-offs, including amongst Twitter executives.
A lawsuit November is accusing the company of violating federal law. "Twitter is now engaged in conducting mass layoffs without providing the required notice under the federal WARN Act," court documents allege.
Elon himself has admitted that Twitter is millions of dollars per day, explaining his motivation to cut costs down. Other ways include launching a paid version of Twitter, which comes with benefits like a blue verification badge.
The Tesla founder officially acquired Twitter in November after months of negotiation. He paid $44 billon in the deal.
Elon had originally tried to pull out in July, claiming that Twitter had violated their agreement by providing him with misleading information about the amount of spam accounts.
In response, Twitter sued the billionaire, before it was later announced he agreed again to buy the platform for the original price.
Despite the cost-saving measures, it appears Elon may be struggling to keep up with Twitter’s cost. He’s receiving criticism for selling off billions in Tesla shares in a short amount of time.
Elon swore in April that he wouldn’t sell anymore Tesla shares, but he went back on his word by August and he’s made multiple sales since then.
To date, Elon has sold over $36 billion in Tesla shares, half of which has been since his Twitter acquisition.
Despite Twitter’s trouble, Elon has admitted that he doesn’t want to be CEO of the company forever. “I frankly don’t want to be the CEO of any company,” he said in November, when he took he the stand to defend Tesla’s $56 million pay package in a separate lawsuit.
Elon later said he’s looking for his replacement at Twitter, but will continue int the position until then.
Sources: Republic World, i24 News,