Twitter Faces Eviction from Boulder Office due to Unpaid Rent
|"Illustration of Twitter. (Cnet/ James Martin)"|
Twitter is on the verge of being evicted from its office in Boulder, Colorado, United States. The reason behind Elon Musk's company's eviction is its failure to pay rent for the past three months. In May, the Denver Business Journal reported that the building owner had filed a lawsuit against Twitter in the Boulder District Court, seeking assistance in evicting the company from the premises. Finally, on May 31, the judge granted the building owner permission to evict Twitter. According to the judge's decision, Twitter must vacate the premises within the next 49 days. This means Twitter must leave its office by the end of July. According to court records, the building owner received a credit letter worth $968,000 in February 2020.
The letter was intended to cover the rental expenses, although the specifics of the mechanism were not clearly explained. What is clear is that the money was depleted by March 2023. Since then, Twitter has been in arrears with its rent payments. If calculated, the rent for Twitter's office in Boulder can be assumed to be around $27,000 per month. The Boulder office used to accommodate 300 employees, as gathered by KompasTekno from TechCrunch on June 16, 2023. However, due to recent layoffs conducted by Twitter, the number of employees in the Boulder office may have decreased. Besides the rental arrears, TechCrunch also discovered that Twitter had unpaid bills for janitorial services from the service provider company. The company is demanding payment of $93,504 in the same court. Unfortunately, Twitter has not provided any response regarding this case. It should be noted that the aforementioned Twitter office is not the company's headquarters. The Twitter headquarters is located in San Francisco, USA.
Elon Musk Cleans Up Twitter Headquarters
Twitter is currently under the leadership of Elon Musk, following his acquisition of the microblogging platform in October of last year. When Elon Musk took over Twitter for the first time, he immediately initiated a cleanup of the company's headquarters, aiming to realize the new generation of Twitter, which he refers to as Twitter 2.0. A total of 310 Twitter memorabilia items were even auctioned off through the Heritage Global Partners (HGP) auction site at the end of last year, with the auction scheduled for January 17-18, 2023. Some of the auctioned items carried the iconic Twitter symbols, such as the giant blue "Larry Bird" Twitter bird statue and the sculpture planter symbolizing the "@." Other items included monitors, Mac computers, desk chairs, projectors, standing desks, espresso machines, blenders, mixers, giant ovens, giant kegerators, and mini-fridges with two beer taps. These assets from the Twitter headquarters were auctioned with opening prices ranging from $25 to $50, depending on the item.