More landlords are suing Twitter over unpaid rent, this time at the social media company’s headquarters in San Francisco and its British offices.
Sri Nine Market Square LLC, the owner of Twitter's San Francisco headquarters, located at 1355 Market St., is suing the company for failing to pay monthly rent and additional rent” for January amounting to $3.4 million.
Twitter had been leasing three floors in the building since 2011.
In December, Twitter fell behind on a similar amount of rent, which Sri Nine Market Square recouped from a letter of credit.
Twitter still owes $3.16 million in unpaid rent and Sri Nine Market Square is seeking late fees and interest plus attorneys’ fees.
Earlier this month, the owner of another San Franciso office of Twitter sued the company for back rentals.
In the UK, the Crown Estate has started court proceedings against Twitter after the latter fell behind on rent at its offices near London's Piccadilly Circus.
Twitter owner Elon Musk’s cost-cutting efforts after buying Twitter for $44 billion last year left the company on the hook for about $1 billion in annual interest payments.
Musk’s cost-cutting strategy has included slashing the company’s workforce and auctioning off memorabilia and fancy office furniture.


Elon Musk’s China Influence Faces New Challenges Amid Rising EV Competition
Trump, Xi Begin High-Stakes China Summit Focused on Trade, Taiwan and Global Tensions
Coles “Down Down” Ruling Sparks Fresh Scrutiny of Australian Supermarket Pricing
Trump Faces Uphill Battle Seeking China’s Help on Iran Conflict
Asian Currencies Slide as Indian Rupee Hits Record Low Amid Iran Tensions
BlackRock-Led GCC Infrastructure Partnership Targets $30 Billion Investment
Asian Stocks Steady as Iran War Concerns Persist Ahead of Trump-Xi Summit
Alibaba Stock Surges After Strong Q4 Earnings Boosted by AI and Cloud Growth
Trump Administration Files Fraud Charges Against Southern Poverty Law Center Over Informant Payments
Samsung Shares Drop as Labor Union Confirms Planned Strike
Argentina Court Upholds Cristina Kirchner Asset Seizure in Corruption Case
Alphabet Raises Record $3.6 Billion in Yen Bonds to Support AI Expansion
ASX Names Former Euronext Executive Anthony Attia as New CEO
Japan’s Top Banks to Gain Access to Anthropic’s Claude Mythos AI Model
Applied Materials Forecasts Strong Q3 Revenue as AI Chip Demand Accelerates
Australia Housing Tax Reform Sparks Debate Over Property Investor Tax Breaks
Kuaishou Stock Jumps on Kling AI IPO Plans and $20 Billion Valuation 



