Elon Musk's decision to not pay rent on Twitter's offices is adding to commercial mortgage headaches at Goldman Sachs
Elon Musk's decision not to pay rent on Twitter's offices is causing some pain in Goldman Sachs' commercial mortgage portfolio. this week that Goldman Sachs' banking arm saw the value of delinquent commercial real estate loans rise 612% to $840 million over the first quarter.
of last year. Goldman is part of a group of banks that made a $1.7 billion loan to Columbia Property Trust, a real estate investment firm that owns several of Twitter's office spaces. Forgoing rent payments appears to be one of the radical cost-cutting measures Musk has implemented at the company since acquiring it last year, as Twitter squares up its finances and pays off the $12.5 billion of debt Musk took out in Twitter's name to purchase the social media platform." though the company is now facing a lawsuit from Columbia Property for its failure to make payments on its lease.
A spokesperson from Columbia Property declined to comment to Insider on the suit. Meanwhile, Twitter, which has a policy of
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Jack Dorsey says Elon Musk became 'reckless' with TwitterJack Dorsey says Elon Musk became 'reckless' and 'impatient' and rushed out new Twitter features that 'weren't thought out'
Consulte Mais informação »
Elon Musk's war on Twitter bots isn't going well, DMs to be limitedElon Musk's war against Twitter bots isn't going very well. Next, you'll have to pay to DM those who don't follow you.
Consulte Mais informação »
Elon Musk’s Antics Aren’t Helping Linda Yaccarino Turn Twitter AroundLinda Yaccarino, who was brought in to bring back the advertisers spooked by Elon Musk’s leadership, hopes to make Twitter “the world’s most accurate real-time information source.”
Consulte Mais informação »
Ben & Jerry’s ends paid advertising on Twitter due to rise in ‘hate speech’Ben & Jerry’s says Twitter has become a “dangerous place' since Elon Musk took over.
Consulte Mais informação »
How Elon Musk changed the future of protesting at workWorkers used to protest over pay or working conditions. Today, employees protest their companies and the employers' positions on social issues – or returning to the office full time.
Consulte Mais informação »
Elon Musk is misguided about remote workers — and their ‘moral high horse’Silicon Valley companies are doubling down on their efforts to get employees back to the workplace.
Consulte Mais informação »