Twitter auction: Neon bird logo, kitchen mixers among items up for bid – National | 24CA News
A neon Twitter chook for US$35,000, anybody? How a few used industrial kitchen mixer for an excellent worth? Going as soon as ….
When Elon Musk desires to make some extent, it may be fairly blunt. On the day he took over Twitter final fall, he walked in to the San Francisco firm’s headquarters carrying a sink. He tweeted “let that sink in.” Get it?
After slashing the corporate’s workforce, falling behind on lease and contract obligations, Twitter beneath the mercurial billionaire is now auctioning off memorabilia, fancy workplace furnishings {and professional} kitchen gear from its San Francisco places of work, the place giant swaths now sit empty and free meals are a relic of the previous.
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With the public sale, Musk’s message is twofold: name consideration to the perceived excesses of Twitter’s earlier administration whereas signaling that value chopping _ in any respect prices _ is a prime precedence.
The objects fetching the very best bids, moreover the neon chook, embody a plain Twitter chook statue at over US$30,000 and a planter sculpture of the “?” image. Professional kitchen gear, in the meantime, goes for tens of hundreds of {dollars}. These embody a business dehydrator, a fryer and a La Marzocco Strada semi-automatic espresso machine, which retails for round US$25,000 (the highest bid as of Wednesday morning was US$12,000)
Even when all added up, the cash raised from the public sale, which closes Wednesday, is unlikely to make a dent in Twitter’s monetary obligations.
Musk purchased Twitter for US$44 billion in October and the corporate is on the hook for about US$1 billion a 12 months in curiosity funds from the deal. Most of Musk’s wealth is tied to his possession of Tesla shares, which have misplaced greater than 40% of their worth since he took possession of Twitter in late October. He bought almost US$23 billion price of the electrical car firm’s inventory to fund the acquisition since April, when he began constructing a place in Twitter. He’s even misplaced the highest spot for the world’s wealthiest particular person, based on Forbes.
Twitter, which not has a media relations division, didn’t instantly reply to a message for remark Wednesday.
Musk defended his excessive value chopping measures in December in a late evening Twitter Spaces name.
“This company is like, basically, you’re in a plane that is headed towards the ground at high speed with the engines on fire and the controls don’t work,” Musk mentioned on Dec. 21.
© 2023 The Canadian Press
