Twitter, under the ownership of Elon Musk, is experiencing a tumultuous period as it faces an eviction order and a series of unpaid bills, casting a shadow over its operations. The latest blow to the tech giant comes in the form of an eviction order issued by a Boulder judge, revealing that Twitter owes its landlord, Lot 2 SBO LLC, over $75,000 in unpaid rent for its office space at 3401 Bluff St in Boulder.
According to reports, court documents indicate that Twitter provided a $968,000 letter of credit to the landlord in February 2020, which was intended to cover rent payments. However, the details of the arrangement between the two parties remain somewhat obscure. It is believed that the landlord has been drawing on the letter of credit to fulfill Twitter’s rent obligations.
The funds in the letter of credit were depleted in March, and Twitter has not made any rent payments since then, reportedly. The landlord, Lot 2 SBO LLC, initiated legal proceedings against Twitter in May, leading to a judge’s order on May 31, which mandates the eviction of Twitter from the premises before the end of July. The case, with the number 2023CV30342, is currently being heard in Boulder District Court.
Twitter‘s Boulder offices, once bustling with approximately 300 employees, have witnessed a significant decrease in staff due to layoffs, firings, and resignations. The current number of employees is estimated to be less than half of the original count.
In addition to the eviction order, a separate lawsuit has emerged, revealing that a cleaning company is seeking $93,504 in unpaid fees from Twitter. These unpaid bills and legal challenges raise concerns about the company’s financial stability and its ability to maintain its operations effectively.
Twitter’s troubles extend beyond unpaid rent and cleaning fees. Former employees are suing the company to recover over a million dollars in unpaid legal fees, and the city of San Francisco is investigating potential building code violations related to its main headquarters. These legal battles further add to the mounting challenges faced by the social media giant.
Twitter has yet to provide an official comment on the eviction order and other legal issues it faces, leaving observers uncertain about the company’s response and plans to address its current challenges.
