PebHmong Discussion Forum
General Category => General Discussion => Topic started by: theking on June 15, 2023, 06:16:26 PM
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"Elon Musk told a Twitter advisor at 4 a.m. that the company would only pay rent over his dead body"
It's a good size building. I took this photo when I passed by it:
(https://i.imgur.com/SHFqqXP.jpg?1)
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Elon Musk is starting to face the consequences of not paying Twitter's bills
Authorities in Boulder, Colorado, have received the go-ahead to evict Twitter from its office.
A complaint regarding three months of unpaid rent was initially filed on May 12 by Lot 2 SBO, a landlord affiliated with Chicago-based real estate firm The John Buck Company. On May 31, a judge for Boulder County’s district court gave law enforcement 49 days to evict the defaulting tenant and return the suites to the owner and landlord.
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Before seeking eviction, the landlord served Twitter with a “demand for compliance or possession” in April, according to court documents seen by Denver Business Journal. But Twitter neither left the four suites at 3401 Bluff St.—also known as the Railyards at S’Park—nor did it pay up.
Ever since Elon Musk took over last October, the company has been skipping various payments, from real estate rents to vendor bills. It now looks like the company is starting to face the consequences of its unfulfilled obligation.
Twitter’s Boulder office eviction, by the digits
$968,000: Letter of credit the Chicago-based landlord that owns Twitter’s office at 3401 Bluff St in Boulder was provided in February 2020, according to court documents. The money ran out in March, and the company has not paid since.
10 days: How long Twitter had to top up its expired credit line for the Boulder office, which it failed to do.
300: Employees that once worked in Twitter’s Boulder office in the pre-Musk era
87: Employees in Boulder that were laid off the month after Musk took charge
38: Boulder staff that resigned two weeks after so many of their colleagues were fired
Twitter’s other pending Boulder payments
Twitter first came to Boulder when it acquired social data provider Gnip in April 2014. The Wencel Building lease, 1301 Walnut St, was the office space it rented many years before the Bluff St one.