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Elon Musk’s Twitter Faces Lawsuits Claiming Over $14M In Unpaid Bills

| How Africa News
In<a Href=httpshowafricacom> <a>this<a Href=httpshowafricacom> <a>file Illustration Photo Taken on October 04 2022 a Phone Screen Displays a Photo of Elon Musk with the Twitter Logo Shown in the Background in Washington Dc photo by Olivier Douliery Afp

 

Twitter is facing a slew of lawsuits from landlords, consultants, and vendors, all of which say that invoices have gone unpaid.

 

The accusations amount more than $14 million, plus interest, according to nine lawsuits obtained by the Wall Street Journal.

These include a $7,000 charge issued by Twitter’s marketing department for a’swag gift box for Elon’ shortly before the $44 billion transaction completed on October 27, with the vendor who provided the box still unpaid.

 

According to the company’s court documents, the present box included a sandblasted logo on a Japanese whisky bottle, an extra-large bomber jacket, and more than $250 in socks, among other things.

The complaints come as the social media business tries to cut costs in the aftermath of billionaire Elon Musk’s $44 billion buyout.

Musk has initiated a lot of big changes at Twitter since taking control in October, despite the company’s history of losing money. He publicly chastised the company’s spending, including $13 million on employee dinners per year.

 

Although Musk previously predicted that Twitter would go bankrupt due to daily losses of more than $4 million, he has lately stated that the company is currently making headway toward breaking even.

 

Twitter is currently private and no longer discloses financial information publicly.

 

At least three lawsuits have been filed against the corporation about office space, including charges that it failed to pay roughly $6.8 million in rent for the months of December and January at its San Francisco headquarters.

 

It owing $239 million last year, largely for office space and data center infrastructure.

 

In a separate case, a marketing firm claimed Twitter owes it over $400,000 in company-branded products.

 

Written by How Africa News

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