Editor's PickInvesting

Twitter sued by King Charles over unpaid rent

1 Mins read

<?xml encoding=”utf-8″ ??>

Twitter is being sued by the Crown Estate amid allegations of unpaid rent at its London headquarters.

The Crown Estate, which manages a property portfolio belonging to the monarchy, filed a case at the High Court last week.

Twitter’s office is based near Piccadilly Circus in central London – but reports have suggested that the tech giant has removed signs and logos from the space in recent months.

According to The Daily Telegraph, Twitter had signed a £2.6m-a-year lease for the third floor, but the dispute relates to rent arrears on the first floor in the same building.

Elon Musk took over the company in a $44bn (£35bn) deal last year, and subsequently began cutting thousands of jobs.

This isn’t the first time that Twitter has faced allegations of unpaid rent at its offices.

Earlier this month, the landlord of its San Francisco headquarters claimed that the company owed $136,260 (£110,073).

Twitter is yet to comment on the latest allegations made by the Crown Estate.

Related posts
Editor's PickInvesting

Prime Minister splits up the business department merging it into four new departments

1 Mins read
<?xml encoding=”utf-8″ ??> Rishi Sunak has announced a shake-up of his top team — splitting up the business department and merging it…
Editor's PickInvesting

StoryTerrace agrees partnership with UKTV in airtime-for-equity deal

2 Mins read
<?xml encoding=”utf-8″ ??> Biography-writing service StoryTerrace has announced a unique partnership with UKTV in a £1 million ‘airtime-for-equity’ deal. The deal will…
Editor's PickInvesting

Rail strikes negatively impacting UK SME’s

1 Mins read
<?xml encoding=”utf-8″ ??> New research has revealed the damaging effect that strikes are having on the sector, with 14% of SME owners…
Power your team with InHype
[mc4wp_form id="17"]

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *