Twitter is auctioning off bluebird memorabilia and expensive furniture from its San Francisco offices

SAN FRANCISCO — Twitter neon bird for $35,000, anyone? How about a good price used industrial kitchen faucet? Let’s go once…

When Elon Musk wants to say something, it can be pretty straight forward. The day he took over Twitter last fall, he walked into the company’s San Francisco headquarters with a sink. He tweeted: “Let it soak in.” Take it?

After downsizing the company’s workforce, falling behind on rent and contract obligations, the fickle billionaire-led Twitter is now auctioning memorabilia, trendy office furniture and professional kitchen equipment from its San Francisco offices, where large rows are now empty and free dinners are a relic. of the past.

As for the auction, Musk’s message is twofold: to draw attention to the perceived excesses of the previous Twitter administration while signaling that cost cutting – at all costs – is a top priority.

The items that received the highest bids, in addition to the neon bird, include a simple bird statue on Twitter worth over $30,000 and a planter sculpture with an “@” symbol. Meanwhile, professional kitchen equipment costs tens of thousands of dollars. These include a commercial dehydrator, a deep fryer and a La Marzocco Strada semi-automatic espresso machine that sells for around $25,000 (highing $12,000 as of Wednesday morning).

Even when things add up, the proceeds from the auction, which closes on Wednesday, are unlikely to have an impact on Twitter’s financial obligations.

Musk bought Twitter for $44 billion in October, and the company is making about $1 billion a year in interest payments on the deal. Much of Musk’s wealth stems from his ownership of Tesla shares, which have lost more than 40% of their value since he took over Twitter in late October. He sold nearly $23 billion worth of shares in the electric car company to fund the purchase since April, when he began gaining ground on Twitter. According to Forbes, he even lost first place in the ranking of the richest people in the world.

Twitter, which no longer has a media relations department, did not immediately respond to a message about the comment on Wednesday.

Musk defended his extreme spending cuts in December in an overnight phone call with Twitter Spaces.

“This company is basically like you are in a plane that is flying towards the ground at high speed with engines on fire and controls not working,” Musk said Dec. 21.

© 2023 The Associated Press. All rights reserved.

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