Twitter Sued for Unpaid Rent Totaling $136,260 Following Elon Musk Takeover

Elon Musk is reportedly attempting to minimize expenses at Twitter by cutting them as close to zero as possible, even as his personal wealth declines.

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This cost-cutting effort may have led to Twitter falling behind on rent payments for its offices in downtown San Francisco, amounting to a total of $136,260

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In October 2022, Musk acquired Twitter for $44bn. As a result, the company is currently responsible for approximately $1bn in annual interest payments on the deal.

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A significant portion of Musk's wealth is tied to his ownership of Tesla shares, which have decreased in value by over 50% since he took over Twitter.

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In order to finance the Twitter purchase, Musk has sold approximately $23bn worth of Tesla stock since April 2022, when he began acquiring a stake in the social media platform.

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According to Forbes, Musk has also lost his status as the world's wealthiest individual as a result.

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Musk's Twitter is also reportedly selling off luxury office furniture, kitchen equipment, and other items from Twitter Office

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It is estimated that around 75% of Twitter's employees have left the company, either due to layoffs, termination, or resignation.

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