Twitter is facing numerous lawsuits over $14 million in unpaid bills. <\/p>\n\n\n\n
The Wall Street Journal<\/a> reports Elon Musk’s social media giant faces a number of suits from companies providing services like advertising, data analytics and content moderation. <\/p>\n\n\n\n One of the plaintiffs is Revcontent LLC, a digital advertising company that is claiming more than $3.5 million.<\/p>\n\n\n\n READ MORE: Elon Musk\u2019s replacement as Twitter CEO should be named by end of 2023<\/a><\/strong><\/p>\n\n\n\n Another is Appen Limited, which is seeking more than $2.9 million for work done in data analytics and content moderation. <\/p>\n\n\n\n None of the suits has been held yet. <\/p>\n\n\n\n Van Conway, a restructuring expert who has helped distressed companies for almost 40 years, said: \u201cWhat Elon Musk is doing is basically simulating a bankruptcy.<\/p>\n\n\n\n “He is taking a machete to his costs.\u201d<\/p>\n\n\n\n Need Career Advice? <\/strong>Get employment skills advice at all levels of your career<\/strong><\/a><\/p>\n\n\n\n Three of the U.S. lawsuits involve office space, including the company\u2019s headquarters in San Francisco.<\/p>\n\n\n\n The landlord of claims Twitter has not paid almost $6.8 million in rent<\/a> payments for December and January. <\/p>\n\n\n\n Musk has just won a lawsuit where it was claimed false tweets about a takeover lost investors billions of dollars<\/a>.<\/strong> <\/p>\n\n\n\n He now says Twitter is “trending to breakeven”<\/strong><\/a> after his takeover and drastic cost-cutting measures. <\/p>\n\n\n\n Follow us on <\/strong>YouTube<\/strong><\/a>,<\/strong>Twitter<\/strong><\/a>,<\/strong>LinkedIn<\/strong><\/a>, and <\/strong>Facebook<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The Wall Street Journal reports Elon Musk’s social media giant faces a number of suits from companies providing services like advertising, data analytics and content moderation. <\/p>\n","protected":false},"author":5,"featured_media":36155,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2456,1065],"tags":[329],"class_list":["post-37198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-twitter-news","category-us-business-news","tag-twitter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/37198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/comments?post=37198"}],"version-history":[{"count":0,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/posts\/37198\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media\/36155"}],"wp:attachment":[{"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/media?parent=37198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/categories?post=37198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.whatjobs.com\/news\/wp-json\/wp\/v2\/tags?post=37198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}