Twitter has stopped paying the rent on some of its office leases and hasn’t paid numerous other vendors since Elon Musk acquired the company in late October.
According to the New York Times, Musk appears to be gearing up for legal battles at Twitter, which he purchased in October for $44 billion, according to seven people familiar with internal conversations.
Musk has stopped paying rent on its offices and has told employees not to pay vendors. To cut costs, Twitter has not paid rent for its San Francisco headquarters or any of its global offices for weeks, three people close to the company said.
Keep in mind that Twitter has many offices all over the world, and many of them still remain in use after the takeover by Musk.
According to Axios, which has obtained a number of emails between Twitter employees and several frustrated landlords, in some cases, the landlords offered lease termination deals whereby Twitter wouldn’t owe the full amount but were rebuffed.
Twitter has also refused to pay a $197,725 bill for private charter flights made the week of Mr. Musk’s takeover, according to a copy of a lawsuit filed in New Hampshire District Court and obtained by The New York Times.
Musk has also threatened employees with lawsuits if they talk to the media or ““act in a manner contrary to the company’s interest,” according to an internal email sent last Friday that the Times obtained.
And last, but not least – Musk seems to have also parted ways with his personal lawyer, Alex Spiro, who he appointed to head legal and policy matters at Twitter after firing its chief legal officer and general counsel for cases in October.
All this leaves a lot of unanswered questions regarding the future of the social media company. Musk’s reputation has also taken a battering as he has continued to send sometimes bizarre tweets and taunt others, reports Market Watch.
