Twitter Loses One of Its Key Offices As Elon Musk Won’t Pay Rent

As Twitter 2.0 works to improve itself under new CEO Linda Yaccarino, one of its key offices in Boulder is losing it. The company needs to pay a substantial amount of rent on the office they have been using, and now a judge has ruled that they must vacate within 49 days, or by July.

The landlord of the building where Twitter is located filed legal action against the microblogging bird platform in early May after it missed up to three months of rent payments. The landlord’s lawsuit was successful, and a judge has now ordered that the sheriff’s department assist in evicting the tech company from its offices at 3401 Bluff Street in Boulder.

According to a court filing spotted by the Denver Business Journal, the Chicago-based landlord that owns the property, Lot 2 SBO LLC, gave Twitter a letter of credit for $968,000 in February 2020 that was supposed to be used to cover any missed rental payments. However, that letter of credit ran out in March of this year, and Twitter has been unable to replenish it, leaving them owing $27,000 a month.

That’s a significant amount of money to lose for any company, even if they are one of the world’s most valuable brands and have billions in their coffers. The eviction notice, which can be seen in the picture above, has been sent to the company, and it will require them to vacate the premises by July 31.

If the company makes up the outstanding balance by then, it could avoid a lien on its bank accounts or even have to close down operations entirely in Colorado. It’s also possible that some employees would be forced to relocate to other locations, depending on what happens with the new CEO and how he plans to change things up at the company.

In the aftermath of its takeover by Elon Musk, Twitter has been on a downward trajectory. If this latest incident indicates how the future will play out for the site, it might not fare much better than it already has. Some users are worried that the takeover will change the platform by attracting and excluding certain kinds of people, and others are concerned that he will turn the site into more of a news and political tool than it currently is. The new CEO has promised to do her best to balance content moderation and freedom of speech, but there’s no guarantee that will be enough to save the 16-year-old social media site from its impending doom.

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