And the amount of debt is already measured in millions of US dollars.
According to Bloomberg, Twitter is now facing legal action in at least two lawsuits from landlords that it owes rent for office space. The owner of the eight-story headquarters building in San Francisco will try to recover more than $ 3 million from Twitter, an unspecified amount will have to be paid if the plaintiff wins in a London court.
Image Source: Bloomberg
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In the latter case, the Crown Estate management company defends its interests in court, acting on behalf of the British royal family, which owns the building rented by Twitter. In San Francisco, Twitter owed the landlord two months, the total debt is approaching $7 million, but more than half of the debt is covered by a bank letter of credit, and the rest will have to be collected through the courts. The landlord also insists that the amount of the letter of credit after the transition of Twitter under the control of Elon Musk should have increased from $3.6 million to $10 million, but the defendant opposes this.
