Wednesday, October 8, 2025

Latest

Twitter Faces Eviction from Boulder, Colorado Office over Unpaid Rent

Twitter is set to be evicted from one of its Boulder offices, after the landlord lodged a complaint to the county judge alleging that Twitter, which signed a lease for four office suites in 2020, has fallen behind on its rent payments.

When leasing the office, Twitter set up a $968,000 letter of credit to be drawn on by the landlord in case the company failed to pay rent. This agreement required Twitter to replenish the letter of credit within ten days if utilized. In March, the landlord used the letter of credit to cover the unpaid rent, but Twitter failed to replenish the credit within the specified period.

In April, the landlord served Twitter a “demand for compliance or possession,” giving the company three days to either return possession of the suites or allocate adequate liquidity to the letter of credit. Twitter failed to comply with either directive, leading the landlord to initiate procedures to terminate Twitter’s rights to the office space.

Twitter, which at one point had 300 employees in the 65,000-square-foot office, has also seen staff turbulence recently. Back in November, 38 employees resigned following CEO Elon Musk’s ultimatum about increased commitment and intense work hours. Musk had previously carried out significant layoffs affecting 87 Boulder employees.


Information for this story was found via the Denver Business Journal. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Should Elon Musk’s Desire For “Freedom” Trump The World’s Need for Truth?

Elon Musk wants to own 100% of Twitter (NYSE: TWTR), and he believes it all...

Monday, April 18, 2022, 03:43:00 PM

Whistleblower Claims Musk’s DOGE Team Stole Labor Data

A whistleblower at the National Labor Relations Board has alleged that officials from Elon Musk’s...

Friday, April 18, 2025, 03:40:00 PM

Russian Soldiers Are Also Using Starlink In The Battlefield, Has Elon Musk Switched Sides?

Elon Musk’s satellite internet network, Starlink, is no longer just helping Ukraine fight the Russian...

Friday, February 9, 2024, 07:27:44 AM

Class Action Targets Tesla for Alleged Deceptive EV Range Advertising

Three Tesla owners from California have jointly filed a proposed class action lawsuit against the...

Friday, August 4, 2023, 04:01:00 PM

Multiple Lawsuits Challenge The Constitutionality of Elon Musk’s DOGE Power

Sweeping sets of lawsuits seek to halt what they call an “unconstitutional abuse of power”...

Tuesday, February 18, 2025, 03:26:00 PM