rejects bid to make Twitter HQ a homeless shelter – Musk

33 rejects bid to make Twitter HQ a homeless shelter – Musk

The billionaire has claimed that property house owners torpedoed his concept to make use of vacant workplace area to deal with vagrants

Twitter proprietor Elon Musk has blamed his landlord for taking pictures down a proposal to make use of vacant workplace area on the social media firm’s headquarters in San Francisco to assist ease the town’s homeless disaster.

“We tried to show it right into a homeless shelter,” Musk mentioned on Tuesday night time in a BBC Information interview. “They (the house owners) received’t allow us to.” He added, “We’re solely utilizing one of many buildings, so the opposite constructing might be a homeless shelter. We want to do it proper now . . . . If the constructing proprietor lets us, we’ll do it.”

Since finishing his $44 billion takeover of Twitter final October, Musk has decreased the corporate’s workforce by greater than 80%, to about 1,500 staff. The associated fee-cutting has left a lot of the area within the 463,000-square-foot headquarters vacant. The property is owned by SRI 9 Market Sq. LLC, an affiliate of Shorenstein Realty Companies LP and a unit of JP Morgan Chase & Co. SRI sued Twitter in January for allegedly failing to pay lease.

Musk has additionally clashed with the owner over his plan to take away the ‘w’ from the Twitter signal on the firm’s headquarters, altering the title to ‘Titter’. He instructed the BBC that he determined to cowl the ‘w’ with white paint after the property house owners refused to let him take away it.

Requested how the proposed homeless shelter could be run, Musk mentioned, “I do not know. We might simply let individuals keep there. It’s good . . . . . They might carry their stuff, carry their tent, no matter.” He polled his followers in regards to the concept final 12 months, earlier than shopping for Twitter, saying employees weren’t exhibiting up on the firm’s workplaces anyway.

San Francisco has round 8,000 homeless individuals, contributing to rising crime and hundreds of reviews of public defecation and drug needles on the streets. It’s not clear how Twitter would possibly handle the sharing of its workplace area with vagrants. Complete Meals introduced the closure of its flagship San Francisco retailer on Tuesday, citing issues that crime within the space is endangering staff. Managers had reportedly been compelled to limit entry to the shop’s restrooms after used syringes and pipes had been discovered on the ground in November.

Musk instructed the BBC that Twitter’s annual income had dropped to $3 billion from $4.5 billion earlier than he purchased the corporate, whereas its prices had jumped to $6 billion from $4.5 billion. With out the associated fee cuts or a capital infusion, it had solely sufficient money to maintain working for an additional 4 months. He mentioned money circulation is “roughly breakeven at this level.”


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