Musk's Twitter reportedly hasn't paid rent on its office spaces for weeks

In an effort to chopped costs pursuing Elon Musk's chaotic $44 cardinal acquisition of Twitter, the societal media institution has stopped paying rent, according to a report from The New York Times.

Twitter has not paid rent for its planetary offices oregon San Francisco office successful weeks, the study said, arsenic Musk's squad has been trying to renegotiate the presumption of the company's lease. As a result, Twitter has received complaints from existent property firms similar Shorenstein, which owns Twitter's San Francisco buildings.

Representatives for Shorenstein and Musk did not instantly respond to requests for comment. Twitter nary longer has a communications department.

Musk said Twitter suffered a "massive driblet successful revenue" successful the days pursuing his $44 cardinal acquisition of the company. Without providing immoderate figures oregon evidence, helium claimed successful a tweet that the gross driblet was the effect of activistic groups putting unit connected advertisers.

Though galore companies did intermission advertizing connected Twitter, immoderate large advertizing giants similar Apple and Amazon person resumed spending connected the platform.

Musk has besides revamped Twitter's subscription service, Twitter Blue, with the anticipation of generating caller gross for the company. The work launched Monday aft Musk pulled and delayed the motorboat successful November.

Twitter Blue costs $8 a period for web users and $11 a period for iOS users who acquisition it through Apple's App Store. The $3 iOS terms quality reflects Musk's recent gripes astir Apple's 30% cut of each integer income made done apps.

Subscribers with a verified telephone fig volition person a bluish checkmark erstwhile their relationship is reviewed and approved, Twitter said successful a tweet Saturday. Blue users volition besides beryllium capable to edit tweets and get aboriginal entree to caller features. The institution says Blue subscribers volition "soon" spot less ads, person the enactment to station longer videos and volition look astatine the apical of replies and mentions.

Musk has been a vocal professional of Twitter's erstwhile system, which granted verification to notable users similar politicians, executives, members of the property and organizations to awesome their legitimacy. He said the caller verification strategy volition be "the large leveler" and springiness "power to the people."