3 ms·
There's been a dispute with that landlord since before Elon bought twitter, and not paying rent is Twitter's way of negotiating and other organizations/companie
by 93po 4y ago
There's been a dispute with that landlord since before Elon bought twitter, and not paying rent is Twitter's way of negotiating and other organizations/companies do similar tactics all the time. If you're in a contentious legal situation with another group, withholding payment and making an argument you're allowed to do so under the lease is perfectly normal.
Unfortunately reporting on this is awful and biased and doesn't include nuance like this. It's just "omg twitter is broke and run by an idiot".
- PpEY4fu85hkQpn 4y agoWhere can I read more about the dispute?
- 93po 4y agohttps://cdn.arstechnica.net/wp-content/uploads/2023/01/landlord-vs-twitter.pdf https://cdn.arstechnica.net/wp-content/uploads/2023/01/landl...
- PpEY4fu85hkQpn 4y agoThis is just the lawsuit of the building owner suing twitter for not paying rent. Is there something else?
- 93po 4y agoIs there something else that's relevant? It's 300+ pages of all the information around the situation, though admittedly biased from the landlord's perspective
- PpEY4fu85hkQpn 4y agoI was hoping to read more about the dispute you were talking about. As far as I can tell the dispute is that twitter didn't pay the rent and the building owner wants them to pay the rent, which is how this has been reported.
- Izkata 4y agoPage 3, in the middle of them laying out the timeline: 9 14. On or about November 22, 2022, Plaintiff served Defendant with a demand to 10 increase the LOC by $10,000,000 pursuant to Paragraphs 13 and 25 of the Lease. A true 11 and correct copy of such demand is attached hereto as Exhibit 2 and incorporated herein by 12 this reference. Defendant did not, within the time specified in the notice, or at any other 13 time thereafter, increase the LOC by $10,000,000. Rather, Defendant contended, in 14 response to Plaintiff’s notice, that it was not required to increase the LOC by $10,000,000 15 upon a transfer in control of Defendant under the terms of the Lease.
- ImPostingOnHN 4y agothus, not only is elmu not paying rent, he's not paying for this LOC increase either still unclear why elmu thinks he shouldn't have to pay rent
- ImPostingOnHN 4y agoso the dispute is that elmu can't pay and thinks this means he shouldn't have to?
- 93po 4y agono