Tech billionaire and the world’s second-richest man, Elon
Musk, has been in the limelight since he acquired Twitter for $44 billion. The
social media company is now struggling to pay rent for its offices and is
facing a debt burden.
The social media company has been unable to negotiate a new
lease with the landlord to pay rent for its offices. Twitter reportedly hired
Heritage Global Partners to auction off things from the Twitter headquarter.
Twitter bird statue, random office supplies, coffee
machines, kitchen equipment and furniture have been put on sale. The 4-feet
high Twitter bird statue is currently available at a bid of $20,500. iMacs and
stationary bike stations capable of charging appliances are also available.
The sale started on Tuesday in the San Francisco
headquarters. The auction house was not immediately able to respond to queries
related to the latest auction.
Reportedly, the organisers of the auction said that the sale
had nothing to do with Twitter's finances. Twitter also did not reveal the
reason for the auction.
Earlier this month, the landlord of the Hartford Building --
Columbia Reit - 650 California LLC filed a lawsuit against Twitter because the
company failed to pay rent for Twitter’s San Francisco office worth $136,260.
Reportedly, Jet Services Group LLC also sued Twitter because
the social media company did not pay rent for two charter flights in October
2022 worth $197,725.
After taking over Twitter, Musk repeatedly made headlines.
He also adopted major cost-cutting measures to save money. Twitter fired more
than half of its global workforce, including janitors and cleaning staff. He
also asked the remaining Twitter staff to give their best in order to build
Twitter 2.0.
Musk currently owns six companies: Tesla, SpaceX, The Boring
Company, Neuralink, Twitter and OpenAI. Reportedly, he also wants to buy
Substack, an American online media platform.
Comments
Post a Comment