Twitter’s 27-Hour Fire Sale As Elon Musk Struggles To Pay Rent


Fancy an espresso machine once used by employees of Twitter Inc.? Or a neon display of its logo? Fans of the social media company got their hands on . A fire sale of items from its San Francisco headquarters starting Tuesday.
The 27-hour online auction. Hosted by Heritage Global Partners Inc., is the latest sign of Pay Rent the rise of the company.  Musk Which billionaire Eloacquired last year for $44 billion. Pay Rent

The 631 lots of “surplus corporate office assets. Range from mundane – industrial-scale kitchenware and typical office furniture such as . Whiteboards and desks – to less common fare for office auctions. Such as quirky signage and more than 100 boxes of KN95 masks. Also in the mix are designer chairs. Coffee machines, iMacs and a range of stationary . Bike stations capable of charging appliances.

Most items had bids starting at $25, including company memorabilia like a large. Twitter bird figurine and an “@” symbol sculpture planter. With about 20 hours left in the auction. the neon logo received 64 bids for a price of $17,500 – the highest current bid for the lot. The bird statue had 55 bids, reaching $16,000, while the “@” sculpture had 52 bids for $4,100.

Organizers said the sale was not meant to fund Twitter. A representative for . Heritage Global Partners told Fortune magazine last month that “their financial situation. Has nothing to do with this auction.” The auction house was not immediately able to respond to queries sent . Outside normal business hours
Still, more cash is likely welcome for Musk, who is trying to cut costs at the company. And failed to pay rent for another San Francisco address, attracting a lawsuit. Other offices were not spared, including the . Asia-Pacific base in Singapore, with staff there told to clean up and work from home.

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