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Twitter Sued for Failing To Pay Rent at San Francisco Office


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Posted

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A landlord for Twitter filed a lawsuit late last week accusing the company of skipping out on $136,250 in rent payments for the 30th floor of an office tower at 650 California St.

 

The landlord, Columbia Reit – 650 California LLC, says it served a default notice to Twitter on Dec. 16. Five days elapsed, and no payment was made, triggering the lawsuit. The landlord is seeking back rent, plus interest and attorney’s fees.

 

Twitter and CrossInstall, an adtech startup it acquired in 2020, rented the 30th floor of 650 California under a seven-year lease signed in September 2017, according to a legal filing.

 

https://sfstandard.com/business/twitter-sued-for-failing-to-pay-rent-at-san-francisco-office/

 

About Us - The San Francisco Standard

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Posted

Cost cuts coming back to haunt............lol

 

A Malodorous Musk: Twitter employees beg for toilet paper and report a wafting stench on Slack as Elon Musk cuts back on office facilities staff

Elon Musk's drastic cost cutting at Twitter has some unexpected consequences for employees, including smelly bathrooms and no toilet paper.

Over the last three days, staff in Twitter's office in the Chelsea neighborhood of New York City have been seeing the effects of the billionaire's decision to not renegotiate the contracts of facilities maintenance workers who handled in-office supplies and cleaning. Odors from uncleaned bathrooms and several clogged toilets are creeping into hallways and work spaces, according to two people familiar with the stinky situation and messages seen by Insider.

https://www.businessinsider.com/elon-musk-twitter-layoffs-employees-beg-toilet-paper-slack-2023-1

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Posted
12 minutes ago, placeholder said:

It's not free. The landlord is paying for it. Another lowlife move from Musk.

I am sure you are aware of rental contracts and the legal system. 

 

The landlord will get his money. Given the nature of the property I don't think the landlord will be at the food banks tonight due to this minor feud. 

Posted
26 minutes ago, JonnyF said:

I am sure you are aware of rental contracts and the legal system. 

 

The landlord will get his money. Given the nature of the property I don't think the landlord will be at the food banks tonight due to this minor feud. 

So, at best, the landlord will have loaned Elon musk the money without their consent. It's still a lowlife move.

Posted
43 minutes ago, placeholder said:

Actually, it's the people who support his antisocial behavior, like you, for example, who should be ashamed of themselves.

You are aware of the details of the rental dispute?

 

Please post links proving his behaviour is anti social. 

 

PS not left wing gossip columns.

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Posted
12 minutes ago, JonnyF said:

You are aware of the details of the rental dispute?

 

Please post links proving his behaviour is anti social. 

 

PS not left wing gossip columns.

When someone breaks a lease or, for that matter, any change in the status quo, it's obviously incumbent upon them (or their supporters) to provide evidence to justify it. It doesn't help in any case as far as justification goes, that this is far from the only lease he's broken. It certainly doesn't argue that Musk is a man of his word in that he attempted to squirm out of his agreement with Twitter and that he violated its terms of conduct as well.

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Posted

Fidelity downsizes value of its Twitter holdings

Fidelity has downsized the value of its investment in Twitter by more than half its initial stake in Elon Musk’s takeover of the social media platform.

Fidelity holds its Twitter investments through its mutual funds in X Holdings I Inc., a holding company that Musk used as part of his Twitter takeover bid.

Musk’s takeover has been a controversial topic, marred by layoffs of staff and a plethora of operational changes at the social media giant. Various reports speculate that other investment firms may follow suit in writing down the value of their Twitter holdings.

https://cointelegraph.com/news/fidelity-downsizes-value-of-its-twitter-holdings

Posted

Twitter Promised Them Severance. They Got Nothing

Staff laid off by Elon Musk were assured they would be compensated following mass cuts. As the deadline passes, the silence has been deafening.

SHORTLY AFTER TAKING over Twitter, Elon Musk laid off around 50 percent of the company’s staff, on the same day, he tweeted that all those laid off would receive three months of severance pay. But, after two months of waiting for the company to say what kind of severance and benefits will be available, several former Twitter employees say they’ve heard nothing.

As weeks of waiting turn into months, former staffers in the US are filing arbitration suits, while some in the UK are trying to negotiate terms, in other countries where Twitter laid off staff, people have heard nothing.

https://www.wired.com/story/twitter-employees-severance/

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Posted

Elon Musk has secured a world record for the largest loss of personal fortune in history, Guinness World Records said Friday. 

In a blog post, the global organization, which keeps track of a huge variety of records, cited Forbes’s estimate that Musk had lost around $182 billion since November 2021 but noted that other sources indicate the figure is closer to $200 billion.

While the true figure is unclear, Musk’s losses appear to easily surpass those of the previous record-holder, Japanese tech investor Masayoshi Son, who lost $58.6 billion in 2000. 

 

https://thehill.com/policy/finance/3803661-elon-musk-secures-world-record-for-largest-ever-loss-of-personal-fortune/

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Posted
9 minutes ago, ozimoron said:

Elon Musk has secured a world record for the largest loss of personal fortune in history, Guinness World Records said Friday. 

In a blog post, the global organization, which keeps track of a huge variety of records, cited Forbes’s estimate that Musk had lost around $182 billion since November 2021 but noted that other sources indicate the figure is closer to $200 billion.

While the true figure is unclear, Musk’s losses appear to easily surpass those of the previous record-holder, Japanese tech investor Masayoshi Son, who lost $58.6 billion in 2000. 

 

https://thehill.com/policy/finance/3803661-elon-musk-secures-world-record-for-largest-ever-loss-of-personal-fortune/

Has he looked down the back of the sofa?

Posted

Musk's tweets coming back to haunt him again, this time with the TESLA case. In what the judge has stated were his false and reckless tweets.

 

Musk says he can’t get fair trial in California, wants Texas

WASHINGTON —  Elon Musk has urged a federal judge to shift a trial in a shareholder lawsuit out of San Francisco because he says negative local media coverage has biased potential jurors against him.

Instead, in a filing submitted late Friday — less than two weeks before the trial was set to begin on Jan. 17 — Musk’s lawyers argue it should be moved to the federal court in the western district of Texas.

If moving the trial isn’t possible, Musk’s lawyers want it postponed until negative publicity regarding the billionaire’s purchase of Twitter has died down.

https://www.sandiegouniontribune.com/news/california/story/2023-01-07/musk-says-he-cant-get-fair-trial-in-california-wants-texas

 

Posted (edited)

Apparently severance payments have been made. Less than expected though and not to all. My guess is lawsuits will continue.

Edited by stevenl

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