A Elon Musk Playing to gain control can be very expensive for him. twitter. the company has been reported for not paying up to $136,260 for hire From his office in San Francisco, as reported this Saturday, citing court documents submitted to the State Court last week by Bloomberg.
Ever since you took control social network Last October, Musk took a series of drastic measures to try to cut the company’s costs and clean up its accounts. According to The New York Times, these measures include stopping paying rent for its headquarters and offices around the world.
In 2017, Twitter signed a seven-year lease to place its headquarters on the 30th floor of the Hartford Building, a skyscraper located in San Francisco’s financial district. The landlord of the building has now chosen to sue the company for failing to meet the due date for the lease, which expires on December 21.
In addition to refusing to pay the rent for his offices, Musk implemented other changes. to cut like Twitter spending dismissal they make up about 60% of the workforce and are considering not paying compensation to these former employees, which could lead to new complaints.
Musk is using this sudden strategy to revive Twitter’s dwindling business. investment$44,000 million is way above the actual value of the platform. Still, the wave of controversial decisions is clearly hitting the tycoon’s fortunes. In recent months, Musk has become the first person in history to lose $200 billion in assets.