Elon Musk cuts Twitter expenses by falling behind on bills

Elon Musk is trying to slash expenses at Twitter as close to zero as possible while his personal wealth shrinks – and this apparently has included falling behind on rent payments at the company’s offices.
According to a lawsuit filed by the building’s landlord last week, Twitter owes $136,260 in overdue rent on its offices on the 30th floor of a building in downtown in San Francisco.
The landlord at 650 California St., which is not Twitter’s main San Francisco headquarters, served a notice to the social media company on Dec. 16 informing it that it would be in default if it didn’t pay within five days. According to the lawsuit, the five days elapsed without payment.
The landlord, Columbia REIT 650 California LLC, is seeking damages totaling the back rent, as well as attorney fees and other expenses. Twitter signed a seven-year lease for the offices in 2017. The monthly rent was $107,526.50 in the first full year and increase gradually to $128,397 per month in the seventh year.