Twitter is sued for “scratching” service fees

US-based consulting firm Innisfree M&A recently filed a lawsuit against social media company Twitter in the New York State Supreme Court, asking the social network to pay a contract number of service bills worth 1, 9 million USD.

“As of December 23, 2022, Twitter has not yet fulfilled its contractual obligation to pay Innisfree the amount of $1,902,788.03,” the lawsuit states.

Elon Musk completed a deal to acquire “Blue Bird” for $44 billion last October. Since then, the billionaire’s company has struggled to find the money to pay off its debt.

A Reuters source revealed that banks that provided $13 billion in financing for the Tesla CEO’s acquisition had to stop planning to sell the debt to other investors due to concerns about the loss of Tesla. Twitter.

Meanwhile, the advertising business situation of this social network is not very positive. Data from an advertising research firm shows that marketing spend on Twitter’s platform fell 71% in December last year as top advertisers slashed their budgets on “Birds”. green”.

Last month, Crown Estate, an independent UK trading company, also filed a lawsuit alleging that Twitter failed to pay the cost of renting its London headquarters.

Twitter and Innisfree’s attorney declined to comment on the case.

The Vinh (According to Reuters)