Twitter is being sued by the crown estate for allegedly failing to pay rent on its London headquarters.
The action came only a few months after Twitter was taken over by Elon Musk, the co-owner of Tesla and SpaceX, in October last year. Musk paid $44bn for the platform and quickly initiated sweeping job cuts to the firm’s 7,000-strong workforce – cutting it by 50%. The social media company was reportedly hit by a 40% drop in revenue after more than 500 clients paused their spending, withThe BBC reported that the crown estate took legal action after previously contacting the social media company about the alleged rental arrears at its office space.
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