JAKARTA - Twitter will reportedly be kicked out of its office in Boulder, Colorado, United States (US). It is claimed, the company is in arrears on rental fees for three months.
Lot 2 SBO LLC, which is the property owner, provided a credit letter to Twitter in February 2020 in the amount of 968,000 US dollars (Rp14.4 billion), which has been used to pay rent as a substitute for standard payments.
However, the contract expired in March 2023 and since then Twitter has not paid any rent and is in arrears of up to USD 27,000 (IDR 404 million) per month.
Then, a judge signed a letter on May 31, to expel Twitter from the office after the owner brought it to court in the same month. The company was given a deadline before the end of July.
This eviction is one of the latest hurdles for Twitter to be acquired by billionaire Elon Musk last year, where previously the company experienced a massive decline in revenue from its advertising and termination of employment (PHK).
Last year, Twitter fired 87 employees in Boulder, with 38 others voluntarily resigning. The company is known to have 300 employees at the office covering an area of 65,000 square feet.
However, there is no information whether anyone is still working there after the layoffs took place. The social media was also sued last month by Boulder's Avalanche Commercial Cleaning, due to arrears of 93,500 US dollars (Rp1.4 billion). This was quoted from The Independent, Thursday, June 15.
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