Twitter to be evicted from its Colorado office over unpaid rent as music publishers slam $250m lawsuit (technext24.com)

The latest development is Twitters impending eviction from its Boulder office in Colorado due to unpaid rent, as ordered by the court.

According to reports, the landlord of the Boulder property that houses Twitters office received a letter of credit amounting to 968,000 in February 2020 when the company moved into the office.

This means Twitter might be owing approximately 81,000.

While this sum is a very small drop in Elon Musks vast ocean of financial resources, the tech mogul has resolutely expressed his reluctance to settle the unpaid rents, as he was reported to have said in a conversation that the company would only pay office rent over his dead body.

It is also unclear how many employees currently work at the Boulder office, given the series of unannounced and unpredictable layoffs that have occurred over the past year.

In response to the landlords lawsuit, the presiding judge issued an order on May 31, compelling the sheriff to assist in evicting the tech company from the premises within the next 49 days.

Although the exact amount owed by Twitter in unpaid rents remains undisclosed, considering that the initial 968,000 payment covered from February 2020 to February 2023, a period of 36 months, it puts the monthly rent payment at approximately 27,000.

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