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Monday, February 6, 2023

Twitter is auctioning off a statue of a bird as well as other pieces of workplace furniture

Twitter is selling off a large number of objects from its headquarters in San Francisco via an online auction.

There are less than twenty-four hours left for bidding on a monument of the well-known bird that serves as the platform’s emblem. The statue is now valued at $11,000 (£8,900).

Already fetching $4,300 is a planter measuring 190 centimeters or 6 feet in length and shaped like the sign.

Following his acquisition of Twitter for $44 billion a year ago, new owner Elon Musk is now selling off some of the company’s assets to streamline operations.

Since seizing control of the firm at the end of October, Mr. Musk has fired about half of the company’s 7,500 employees.

Additionally, he has eliminated several of Twitter’s privileges, like the company’s provision of free lunches.

There are many high-end La Marzocco espresso machines and a fizzy drink fountain that comes equipped with an ice dispenser among the assortment of kitchen equipment that is up for auction.

The multinational technology corporation is looking to unload a pair of Herman Miller coffee tables, each of which has a new retail price of almost $2,000.

It would seem that nothing is too insignificant to be put up for sale.

Additionally, Twitter is liquidating its printing equipment as well as even sets of tiny drawers, with the latest price standing at $60.

In addition, there are several soundproof conference booths and elegant couches housed beneath the gavel.

Following the departure of several advertisers, Mr. Musk said in a tweet in November that the business had seen a “huge loss in revenue.”

In addition, he expressed concern that the company would fail.

It has been reported that Twitter has not paid the rent at a number of its locations throughout the world, including its headquarters in San Francisco, which has prompted the landlord there to file a lawsuit against Twitter for non-payment.

According to Nick Dove, a spokesman of Heritage Global Partners, the business that is organizing the auction, the sale does not have anything to do with recouping expenditures for the $44 billion acquisition. He made this statement to Fortune magazine.

He remarked that anybody who believes that the money made by selling a few laptops and chairs would be enough to pay for the mountain there is a “moron.”

Jonathan James
I serve as a Senior Executive Journalist of The National Era
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