Everyone has it with Elon Musk. In recent months, a US-naturalized South African entrepreneur has begun a catastrophic decline that has not yet stopped. But his troubles didn’t end there: while Tesla shares (another company of which he is the CEO) fell by 72% and everyone is wondering how Musk will recover, it seems that even King Charles sued him. Since acquiring Twitter, Musk, one of the richest men in the world, has put his entire fortune and, at the same time, his reputation at risk. Before paid a disproportionate amount to buy a social network been at a loss for many years. Then he started laying off employees en masse, announced new policies, changed his mind, launched a poll to ask if he should step down as CEO, all without the clarity of his business strategy.
Today, crown estatethat is, a financial portfolio held by the British Crown, which brings together all the holdings of the monarch, sued Twitter for non-payment of rent for London office. Long story short, it looks like Musk (or anyone else) didn’t pay for the Twitter office in Piccadilly Circus from October to January. Now, according to a complaint filed with the Supreme Court, social media platform refuses to pay debt to Crown Estatewhose profits go to support the British government.
According to the report The newspaper “New York Times, Musk reportedly stopped paying rent for Twitter offices around the world, including headquarters, in order to reduce costs. The mask seems to need money: how Guardian, the social platform is due to pay about $300 million in interest on its debt by the end of this month. It’s not certain it will succeed, and Musk has already warned that Twitter could fail. In this case, the case with the Crown Estate can continue for quite a long time. Meanwhile, Musk hasn’t commented, and Twitter, on the other hand, doesn’t even have a public relations department anymore.
Source: Elle