Elon Musk is selling the Twitter Blue Bird and 630 office assets to make ends meet
The sale would bring in $1.5 million for Twitter. GIF: dailyO
After buying Twitter for 44 billion dollar, looks like Elon Musk is trying to save money as much as possible. He is doing everything; from not paying rent to sacking employees, and now selling off office assets.
What the: Imagine going to your office and finding the espresso machine from which you make your morning coffee and start your day with is getting sold off in an auction. Well that's how Twitter's employees must be feeling right now since Twitter is having its own fancy version of yard sale and has auctioned off 631 pieces of its office assets.
The list includes a comfy-looking leather sling lounge chair with bidding at about $1,450 or Rs 1,17,977 a slick semi-auto espresso machine for $4,700 or Rs 3,84,039 and a large neon sign depicting the blue Twitter bird logo - which has a whopping price tag of $23,000 or Rs 18,71,281.
Check out some items from 'surplus corporate office assets' that were up for grabs:
Will you pay thousands of dollars for these items?
Auction house Global Heritage Partners is running the de facto fire sale, which closed at 10 am PT (11:30 pm IST) yesterday, January 18, and charged a buyer's premium of 18%.
Musk, on the other hand, who is outspoken about pretty much everything, hasn't said or tweeted anything about the auction.
1.5 million dollar auction
Ross Dove, CEO of Heritage Global, the parent company of Heritage Global Partners told the New York Times, said that more than 20,000 individuals registered to bid online, the largest of any of the firm's auctions in the last 90 years, which he credits to the public's obsession with Twitter and Musk himself. He predicted that the sale would bring in $1.5 million for Twitter.
Not so much of a good start to 2023 for Musk
Guinness World Records said that Musk had broken the record for the most money lost by one person.
Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists.
— Elon Musk (@elonmusk) November 4, 2022
Extremely messed up! They’re trying to destroy free speech in America.
He has lost between $180 billion to $200 billion since November 2021, owing mostly to Tesla stock's dismal performance in recent years and Twitters' purchase. He also admitted last year that Twitter has had a massive drop in revenue. Looks like Musk is going all out to get his money back.