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	<title>Twitter auctions Archives - The Hemet &amp; San Jacinto Chronicle</title>
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		<title>Twitter auctions off blue bird memorabilia, pricey furniture</title>
		<link>https://hsjchronicle.com/twitter-auctions-off-blue-bird-memorabilia-pricey-furniture/</link>
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		<dc:creator><![CDATA[Associated Press]]></dc:creator>
		<pubDate>Thu, 19 Jan 2023 17:00:00 +0000</pubDate>
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		<category><![CDATA[pricey furniture]]></category>
		<category><![CDATA[Twitter auctions]]></category>
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					<description><![CDATA[<p>A neon Twitter bird for $35,000, anyone? How about a used industrial kitchen mixer for a good price? Going once .... When Elon Musk wants to make a point, it can be pretty blunt. On the day he took over Twitter last fall, he walked in to the San Francisco company’s headquarters carrying a sink. He tweeted “let that sink in.” Get it?</p>
<p>The post <a href="https://hsjchronicle.com/twitter-auctions-off-blue-bird-memorabilia-pricey-furniture/">Twitter auctions off blue bird memorabilia, pricey furniture</a> appeared first on <a href="https://hsjchronicle.com">The Hemet &amp; San Jacinto Chronicle</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph">By BARBARA ORTUTAY</p>



<p class="wp-block-paragraph">A neon Twitter bird for $35,000, anyone? How about a used industrial kitchen mixer for a good price? Going once &#8230;.</p>



<p class="wp-block-paragraph">When Elon Musk wants to make a point, it can be pretty blunt. On the day he took over Twitter last fall, he walked in to the San Francisco company’s headquarters&nbsp;<a href="https://apnews.com/article/elon-musk-twitter-inc-technology-business-san-francisco-ee1e283ff873813524ff21b0a7751b47">carrying a sink</a>. He tweeted “let that sink in.” Get it?</p>



<p class="wp-block-paragraph">After slashing&nbsp;<a href="https://apnews.com/article/world-cup-elon-musk-twitter-inc-technology-sports-d9217e91f876794bd7816013fbbc8cbb">the company’s workforce</a>,&nbsp;<a href="https://apnews.com/article/elon-musk-twitter-inc-technology-business-san-francisco-173194eff0b8f70e6d2d3ff6f1f082f9">falling behind on rent and contract obligations</a>, Twitter under the mercurial billionaire is now&nbsp;<a href="https://bid.hgpauction.com/auctions/8421/herita10194?orderBy=lastBid%20desc" target="_blank" rel="noreferrer noopener">auctioning off memorabilia</a>, fancy office furniture and professional kitchen equipment from its San Francisco offices, where large swaths now sit empty and free meals are a relic of the past.</p>



<p class="wp-block-paragraph">With the auction, Musk’s message is twofold: call attention to the perceived excesses of Twitter’s previous administration while signaling that cost cutting — at all costs — is a top priority.</p>



<p class="wp-block-paragraph">The items fetching the highest bids, besides the neon bird, include a plain Twitter bird statue at over $30,000 and a planter sculpture of the “@” symbol. Professional kitchen equipment, meanwhile, is going for tens of thousands of dollars. These include a commercial dehydrator, a fryer and a La Marzocco Strada semi-automatic espresso machine, which retails for around $25,000 (the top bid as of Wednesday morning was $12,000)</p>



<p class="wp-block-paragraph">Even when all added up, the money raised from the auction, which closes Wednesday, is unlikely to make a dent in Twitter’s financial obligations.</p>



<p class="wp-block-paragraph">Musk bought Twitter for $44 billion in October and the company is on the hook for about $1 billion a year in interest payments from the deal. Most of Musk’s wealth&nbsp;<a href="https://apnews.com/article/elon-musk-twitter-inc-technology-business-46e4eec12ff3fd5d285fdbf1a48f1722">is tied to his ownership of Tesla shares</a>, which have lost more than 40% of their value since he took ownership of Twitter in late October. He sold nearly $23 billion worth of the electric vehicle company’s stock to fund the purchase since April, when he started building a position in Twitter. He’s even lost the top spot for the world’s wealthiest person, according to Forbes.</p>



<p class="wp-block-paragraph">Twitter, which no longer has a media relations department, did not immediately respond to a message for comment Wednesday.</p>



<p class="wp-block-paragraph">Musk defended his extreme cost cutting measures in December in a&nbsp;<a href="https://apnews.com/article/elon-musk-twitter-inc-technology-business-san-francisco-fa63069c6cb48850f3c36d052bd96044">late night Twitter Spaces</a>&nbsp;call.</p>



<p class="wp-block-paragraph">“This company is like, basically, you’re in a plane that is headed towards the ground at high speed with the engines on fire and the controls don’t work,” Musk said on Dec. 21.</p>



<p class="wp-block-paragraph">Find your latest news here at the <a href="https://hsjchronicle.com/">Hemet &amp; San Jacinto Chronicle </a></p>
<p>The post <a href="https://hsjchronicle.com/twitter-auctions-off-blue-bird-memorabilia-pricey-furniture/">Twitter auctions off blue bird memorabilia, pricey furniture</a> appeared first on <a href="https://hsjchronicle.com">The Hemet &amp; San Jacinto Chronicle</a>.</p>
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