Sunday, October 26, 2025

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

The Best News for Gold Was the Drop! – Peter Grandich

McEwen Copper: The Los Azules Feasibility Study

This Is Why the Gold Run Is Not Done! | Peter Marrone – Allied Gold

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Elon Musk Eyes Pentagon Contracts While Running Government’s ‘DOGE’ Experiment

Elon Musk continues to reshape industries and push boundaries, this time with ambitions extending deep...

Tuesday, December 24, 2024, 08:49:00 AM

Elon Musk Resumes Selling Tesla Stock, Sees Gross Proceeds Of $1.05 Billion

After taking a breather for nearly a week, it appears Elon Musk is back at...

Wednesday, November 24, 2021, 07:33:24 AM

Musk Denies Social Credit System After AI Bot Gives Users Low Scores

X owner Elon Musk denied the existence of a social credit scoring system on his...

Sunday, January 12, 2025, 07:34:00 AM

Elon Musk Bungles DeSantis Announcement and Then Calls It “Top Story on Earth”

Florida Governor Ron DeSantis’ much-anticipated announcement of his 2024 presidential campaign proved to be more...

Thursday, May 25, 2023, 10:49:00 AM

Elon Musk To Rival ChatGPT, The AI Chatbot He Co-Founded

In a bizarre retelling of Dr. Frankenstein and his monster, Elon Musk has reportedly approached...

Tuesday, February 28, 2023, 09:27:28 AM