News

Bird statue fetches 100,000 as Musk auctions Twitter HQ items

January 19, 2023 12:35 PM


Twitter Share Facebook Share WhatsApp Share

A Twitter bird statue fetched $100,000 on Wednesday as Elon Musk auctioned off furniture, decorations, kitchen equipment and more from the tech firm's downtown San Francisco headquarters.

An online auction of "surplus corporate office assets of Twitter" that lasted slightly more than 24 hours also featured a 10-foot neon light in the shape of Twitter's bird logo, which brought in a winning bid of $40,000, Heritage Global Partners auction service confirmed.

Among the 631 lots were espresso machines, ergonomically correct desks, televisions, bicycle-powered charging stations, pizza ovens and a decorative planter shaped like an "@" sign.

Musk in December said that severe cost cuts at Twitter had repaired the company's dire finances as he set out to find a new CEO for his troubled social media platform.

The mercurial billionaire told a live chat forum at the time that without the changes, including firing over half of Twitter's employees, the company would have bled $3 billion dollars a year.

Musk said he had been "cutting costs like crazy" at the platform he bought for $44 billion.

Just weeks into his ownership of Twitter, Musk fired about half of its 7,500-strong workforce, sparking concern that the company was insufficiently staffed to carry out content moderation and spooking governments and advertisers.

Musk said his strategy is to massively reduce costs while building up revenue, and that a new $8 subscription service called Twitter Blue would help with that goal.

Musk-led Twitter has been riven by chaos, with mass layoffs, the return of banned accounts and the suspension of journalists critical of the South African-born billionaire.

Musk's takeover also saw a surge in racist or hateful tweets, drawing in scrutiny from regulators and chasing away big advertisers, Twitter's main source of revenue.



Most Read

  1. Maryam Nawaz can wear uniform! Maryam Nawaz can wear uniform!
  2. Madiha Rizvi ties the knot again Madiha Rizvi ties the knot again
  3. Zara Noor Abbas inspired by Rani Mukerji Zara Noor Abbas inspired by Rani Mukerji
  4. Here is all about Madiha Rizvi’s second husband Here is all about Madiha Rizvi’s second husband
  5. Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital Two patients die, injuries of 12 others multiplied after roof collapse at Gujrat hospital
  6. Humayun Saeed and Saboor Aly under fire for close interaction in public Humayun Saeed and Saboor Aly under fire for close interaction in public

Opinion

  1. Legacy of Indian military subjugation in Kashmir
    Legacy of Indian military subjugation in Kashmir

    By Dr Ghulam Nabi Fai

  2. Islamabad becoming the hub of international diplomacy
    Islamabad becoming the hub of international diplomacy

    By Salim Bokhari

  3. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  4. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  5. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  6. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay