Monitoring desk
ISLAMABAD/SAN FRANCISCO: Twitter bird statue fetched $100,000 as Elon Musk auctioned off furniture, decorative pieces, kitchen equipment and more from tech firm’s downtown San Francisco headquarters.
According to the AFP, the online auction of “surplus office assets of Twitter” that lasted more than 24 hours featured a 10-foot neon light in the shape of Twitter’s bird logo, bringing in the winning bid of $40,000, Heritage Global Partners firm confirmed.
Bird Statue
The 631 lots are espresso machines, ergonomically correct desks, bicycle-powered charging stations, pizza ovens, and a decorative planter shaped like the “@” sign.
Elon has announced severe cost cuts at Twitter to repair the company’s dire finances as he is set out to find the new CEO for his troubled social media platform.
The mercurial billionaire said on a live chat forum at a time that without the changes, including firing over half of Twitter’s workers, the company could have bled 3 billion dollars a year.
Elon said that he had been “cutting costs like crazy” at a platform he bought for 44 billion dollars.
Just weeks into his ownership of Twitter, Elon fired around half of its 7,500-strong workforce, sparking concerns the company was insufficiently staffed to carry out content moderation and spooking the governments and advertisers.
Elon said that his strategy is to drastically reduce costs while building up revenue and that the new $8 subscription service called Twitter Blue could help with that goal.
Musk-led Twitter has been riven by chaos, with mass layoffs, a return of banned accounts, and suspension of the journalists critical of the South African-born billionaire.
Elon’s takeover also saw a surge in racist and hateful tweets, drawing in scrutiny from regulators and chasing away big advertisers, Twitter’s primary source of revenue.
