Twitter Sued For Failing To Pay Rent

Media Take Out Staff |

A commercial landlord has filed a lawsuit against Twitter for breach of contract.

According to the landlord, Twitter failed to pay rent for one of its offices in San Francisco at 650 California Street.

Elon Musk reportedly stopped paying rent on Twitter’s office space globally — including for its headquarters after acquiring Twitter for $44 billion. Last week, Twitter missed a rent payment of $136,260 for its 650 California Street office.

On the platform, Twitter investor Leonidas Raisini mocked Musk by offering to buy the company for $30 billion less than what Musk paid for it in October.

Here’s what Raisini wrote to Musk:

Before you acquired Twitter, I had invested in Twitter as I believed in its potential to be the platform for free speech, and I believe free speech is a societal imperative for a functioning democracy.

However, since you acquired Twitter, you have not kept your promise of free speech and Twitter has become a breeding ground for online hate and terrorism. I now realize the company will neither thrive nor serve this societal imperative in its current form under its current owner. Twitter needs to be transformed as a public company where members will become its owners. Together these members form the governing body of Twitter and under a leadership that can respect Free Speech without spreading disinformation and hatred.

Together with my partners, my fund has secured the funding to buy Twitter.

As a result, I am offering to buy 100% of Twitter for $18.53 per share in cash (14.26 Billion), as I do not consider the current valuation of $41.09 Billion to be accurate. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder and inform my fund to withdraw my investment.

Twitter has super extraordinary potential. I am the right one to unlock it.

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