Elon Musk continues to make headlines as the billionaire has now failed to pay rent for Twitter’s San Francisco Headquarters. Since Tesla and SpaceX’s CEO acquired the microblogging site last October, Twitter has been a hot take of discussion everywhere. Several measures that are taken by Musk to cut costs welcomed wide negative reception. It even led many renowned faces like Gigi Hadid and Whoopi Goldberg to leave the site.
The atmosphere surrounding Twitter has been chaotic ever since Musk’s name got attached to it. The present reports of unpaid rent of $136 billion add another layer to the story and ensure more troubles for the world’s present second-richest man.
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Elon Musk gets embroiled in unpaid rent controversy
The 51-year-old billionaire did a lot since his acquisition of Twitter. From firing tons of employees to implying a weird $8 blue tick scheme, his ride hasn’t been any smoother. Even the platform welcomed a lot of hate as well as toxicity in the recent past. Amidst all this, new reports state that a lawsuit has been filed against the CEO for unpaid rent.
It must be noted that the topic of conversation is not the main headquarters of Twitter but the office owned by the company on the 30th floor of a building in downtown, San Francisco. Elon Musk failed to pay rent of $136,260. The company was already sent a fair warning on December 16 and given a period of 5 days by the landlord of the building.
We haven’t received any updates from the company’s side yet but the fiasco is sure to raise a stir on the internet and affect the image of the $140 billion rich CEO more. This also adds up to the owes Elon Musk more who has already lost a lot in his Twitter takeover.
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Elon Musk’s Twitter takeover hasn’t been a smooth joyride
The internet was in awe when Elon Musk finally took over Twitter last October for a whopping $44 billion after a prolonged chain of events. His vision was to make the blue bird a safe abode for promoting free speech. But several reports came out about tons of top executives fired and a crowd of employees either quitting the company or being subjected to layoffs. When asked about these tough decisions taken by him, Elon Musk responded:
“This company is like, basically, you’re in a plane that is headed towards the ground at high speed with the engines on fire and the controls don’t work.”
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Besides slashing expenses, the company also introduced some new features to bring in profit but they couldn’t last for long. Moreover, the billionaire even had to sell a lot of Tesla stocks to complete the Twitter acquisition. He even lost a colossal $200 billion in net worth slipping from his top position as the world’s richest man.
Source: The Guardian