Technology

37717 readers

432 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago

MODERATORS

alyaza@beehaw.org

TheRtRevKaiser@beehaw.org

gyrfalcon@beehaw.org

rs5th@beehaw.org

coldredlight@beehaw.org

Los@beehaw.org

SemioticStandard@beehaw.org

TheRtRevKaiser@kbin.social

remington@beehaw.org

238

Judge orders sheriff to evict Twitter from Boulder office (www.bizjournals.com)

submitted 1 year ago by nulldev@lemmy.vepta.org to c/technology@beehaw.org

89 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] bouncing@partizle.com 8 points 1 year ago

I'm assuming you couldn't get around the paywall, so here you go:

In May, Twitter’s landlord filed a complaint against its tenant Twitter, alleging that the company is behind on rent payments. The landlord is Lot 2 SBO LLC, affiliated with The John Buck Company, a Chicago-based real estate firm.

The complaint alleges that Twitter set up a letter of credit for $968,000 that the landlord could draw upon if the company failed to pay its rent, and the lease agreement said Twitter must replenish that letter of credit within 10 days if that were to happen.

The landlord used the letter of credit toward the unpaid rent this March, according to the complaint, but Twitter failed to restore the letter of credit within 10 days, as outlined in its lease.

Basically yes, non-payment of rent.