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

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

13 Sept 21:22 Key points summarised by AI
  • Twitter (now X) auctioned off surplus corporate assets from its San Francisco headquarters, including furniture, decorations, and kitchen equipment.
  • A prominent Twitter bird statue sold for $100,000, and a 10-foot neon bird logo fetched $40,000, among 631 lots.
  • This auction is part of Elon Musk's severe cost-cutting strategy, aimed at repairing Twitter's finances and preventing an estimated $3 billion annual loss.
  • Musk's drastic measures, including mass layoffs of over half the workforce, are intended to reduce costs and boost revenue through initiatives like the Twitter Blue subscription service.
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