Twitter is auctioning objects, sophisticated office furniture and professional kitchen equipment from its offices in San Francisco, in the US state of California, in a process of reorganization of the new owner, Elon Musk.
With the auction, the philanthropist intends to call attention to the excesses of the previous management of the social network and point out that cost reduction is a priority.
Items that had the highest bids, aside from a neon bird, include a simple statue of the Twitter bird for more than $30,000 (27,794 euros) and a sculpture with the at sign – “@”.
Professional kitchen equipment, on the other hand, costs tens of thousands of dollars.
Kitchen appliances include a commercial dehydrator, deep fryer and a La Marzocco Strada semi-automatic espresso maker, which has a marked price of $25,000 (about 23,166 euros) (the maximum offer this morning was $12,000 (11,111 euros)).
Even after it all adds up, the money raised in the auction, which ends today, is unlikely to have an impact on Twitter’s financial obligations.
Musk bought Twitter for $44 billion (about 40.7 billion euros) in October and the company receives about $1 billion (926 million euros) a year in interest payments from the deal.
The largest slice of Musk’s wealth is tied up in Tesla shares, which have lost more than 40% in value since he took over as the social network’s leader in October 2022.
The American businessman has sold almost 23,000 million dollars (21,000 million euros) in shares of the electric vehicle company to finance the purchase since April, when he expressed his interest on Twitter.
Musk even lost the first place of the richest person in the world, according to Forbes magazine.
Twitter, which does not have a press office, did not respond to a request for comment from the Associated Press (AP).
The new owner, Twitter, had defended its extreme cost-cutting measures last December.
“This company is basically like you’re on a plane landing at high speed with the engines on fire and the controls inoperative,” Musk said at the time.
Source: TSF
