Twitter has not paid rent since Elon Musk’s takeover, report says

The New York Times reported that Twitter has failed to pay its bills since Musk took over the company earlier this year. — AP

As part of his ongoing quest to cut costs at Twitter, Elon Musk has for weeks neglected to pay rent for the company’s global offices as well as its San Francisco headquarters, according to a new report.

Citing sources familiar with the matter, The New York Times reported that Twitter has failed to pay its bills since Musk took over the company earlier this year. His team is reportedly trying to renegotiate the leases, triggering complaints from real estate firms like Shorenstein, which owns Twitter’s San Francisco buildings.