News

Twitter Being Evicted From Boulder Office Over Unpaid Rent

Containing approximately over 150 employees, the Twitter Boulder office has not paid rent in over three months and has now received a letter of eviction

Adding onto the pile of problems being faced by Twitter, the company is asked to leave its Boulder office after not paying rent for well over 3 months. Containing over 150 employees, the Twitter Boulder office was both significant and historic for the company.

Twitter, after being purchased by billionaire Elon Musk, has been undergoing a ton of problems ranging from a decrease in advertising revenue to a decrease in the amount of total users on the problems, forcing the company to take some important cost saving measures.

During this time of uncertainty, the company can understandably be late for contract payments or bills, but a complete refusal to pay office rent is uncommon; an action that gives us a brief understanding of the money problems being faced by Twitter.

Located in Railyards at S’Park building at 3401 Bluff St, the 65,000-square-foot Twitter facility was leased in 2020 after Twitter had no space at its other Boulder office located in the Wencel Building

Court documents show that the Chicago based landlord who owns Twitter’s office at 3401 Bluff St in Boulder, measuring more than 65,000-square-foot, was given a $968,000 letter of credit back in February 2020.

The landlord has since continued drawing ordinal payments, until the money ran out in March; Twitter which was then liable for the future rent has not made any monthly payment after March.

Boulder District Court has ordered Twitter to leave the office within 49 days otherwise the company would face a sheriff assisted eviction before the end of July.

What do you think is the reason behind this unpaid rent? Is it Twitter’s massive money problems or something else? Let us know in the comments down below!

 

Read more:

Sponsored
Abdullah Shahid

Share
Published by
Abdullah Shahid

Recent Posts

Garena Free Fire India Launch Rumors: What Fans Need to Know

Reports suggest that Garena Free Fire is set to make a much-anticipated return to India.…

14 hours ago

Albania Bans TikTok for One Year: Here’s the Reason!

The Albanian government has announced a ban on the social media platform TikTok for a…

18 hours ago

Google Pixel 9 Pro vs. 8 Pro: Biggest Upgrades Compared

The launch of Google’s latest Pixel lineup brings an exciting chance to compare the new…

20 hours ago

Azad Kashmir to Host Pakistan’s First Women-Centric Software Technology Park

ISLAMABAD: In February next year, Pakistan is set to launch its first women-focused software technology…

20 hours ago

HEC Reveals Law Admission Test Date for LLB Students

The Law Admission Test (LAT) has been announced by the Higher Education Commission (HEC) of…

21 hours ago

Meta’s WhatsApp to Release New Playback Speed Feature for Videos

Meta's WhatsApp is rolling out a new playback speed feature, allowing users to adjust video…

1 day ago