To reduce losses, Twitter's valuables are up for auction
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Twitter's treasures are up for auction in an attempt to reduce losses.
In order to save Twitter, Elon Musk has started an auction of the business's goods.
On Wednesday in San Francisco, an online auction that lasted more than 24 hours sold off furniture, decor, cookware, and other items from the Twitter HQ, including the company's iconic bird emblem. The selling price was $40,000
In addition, an office coffee maker, a pizza oven, printing supplies, and sofas were put up for sale.
Elon Musk tweeted a warning about the company's impending financial loss and the possibility that the Twitter bank was corrupt in November of last year. On the other hand, rumors that Twitter had not rented the San Francisco location surfaced in recent days. Sued
Just weeks after purchasing Twitter, Elon Musk claimed in December that cost-cutting measures had improved the company's poor financial situation. As a result, over half of Twitter's 7,500 employees were fired.
Elon Musk claims that after paying $44 billion for Twitter, he has been "reducing costs like crazy." Elon Musk claims that his strategy is to drastically cut costs while generating revenue, and it is for this reason that he has established the Bluetooth subscription charge.
Since Elon Musk took over the firm, Twitter has been in upheaval, with an increase in racist or bigoted posts, as well as large layoffs and the re-instatement of banned accounts.
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