A Boulder, Colorado, landlord has successfully obtained an eviction order to remove Twitter from their property after the company reportedly failed to pay rent for months.
The social media messaging site had been ordered by a Boulder County judge to vacate its offices at 4301 Bluff St. on May 31 and to return the property to the owner, Delaware-based LLC Lot 2 SBO. The ruling came as Twitter faced immense internal turmoil following billionaire entrepreneur Elon Musk’s takeover of the company in October 2022.
In March, to make up for the lost payments, the landlord used a letter of credit deposited by Twitter for $968,000. Twitter was then required to replenish the letter of credit by April 4, a deadline that it missed.
Twitter did not respond to any of the landlord’s requests. In response, Lot 2 filed a complaint on May 12 over the thousands of dollars in unpaid rent.
Lot 2 SBO is asking for past rent and attorney fees, as well as pre- and post-judgment interest from the company for the late payments.
Colorado is not the only place Twitter is facing problems paying the rent. In San Francisco, where Twitter’s headquarters is located, the company’s landlords are suing the company for over $3 million in unpaid rent.
The rent delinquency appears to be part of Mr. Musk’s larger campaign to cut costs after paying out $44 billion in cash to acquire the widely used messaging site. The new owner has already slashed the company workforce by more than half and introduced a system where users must pay to verify their identity on the site.
Twitter did not respond to requests for comment.
• Vaughn Cockayne can be reached at vcockayne@washingtontimes.com.
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