Tuesday, January 24, 2023

Twitter sued by Crown Estate over unpaid rent charges at London office

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The cases could be part of an even larger series of court cases facing Elon Musk’s social media company.

Musk reportedly stopped rent payments for all of Twitter’s office space around the world, including its headquarters, in December to cut costs.

The Crown Estate is one of the largest landowners in the UK, but the money it makes is ultimately paid to the Treasury.

Over the past decade, the Crown Estate has given around £3billion to the Government to use for public services.

This includes many business parks in London which are popular offices and shops. This includes the seabed off the UK coast, which is currently making big bucks from building new offshore wind farms.

Twitter did not immediately respond to a request for comment.

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