Elon Musk is reportedly set to auction off various Twitter office supplies, including furniture, to clear rent dues of several weeks at its San Francisco headquarters and other global offices.
Musk has been trying to cut costs since his $44 billion takeover of the social media platform laying off employees and shutting down entire divisions.
He also introduced a paid system for blue tick verification.
According to reports, Musk is renegotiating the terms of the lease agreement even as real estate and management firms like Shorenstein, which owns Twitter’s San Francisco headquarters have complained against the company.
Twitter is also auctioning dozens of items of furniture, appliances, and memorabilia, including a large Twitter bird statue, a giant "@" sculpture, and other less interesting items like espresso machines and chairs.
The auction will be conducted online starting on January 17, 2023, and closing the next day, according to Heritage Global Partners, which is organising the sale.
UAE family businesses drive 60% of GDP, key to 2031 Vision
Elon Musk's $1 trillion Tesla pay plan wins shareholder approval
Microsoft to train over 300,000 in UAE with AI skills
Ennismore, Dubai Holding to launch 'Caravan Hatta by Our Habitas'
