A shiny blue Twitter logo statue for $100,000 sounds like a pretty good deal, right? At least that’s what we could think from a business point of view. In Twitter They are pulling auctions to pay off these bad months with Elon Musk at the helm.
While this is the price fetched by the most expensive item at an auction of the company’s stationery, according to the BBC, the auction is the latest episode of Twitter following the takeover of the company by Elon Musk for 44,000 million dollars.
The sale comes after Elon Musk himself warned in November of a “massive drop in revenue.” Reports on Wednesday pointed to a 40% yoy plunge due to the pause in advertiser spending in the social network.
But, according to the company that has carried out the auction, the objects are not auctioned for that reason. A representative explained that “if someone really thinks that the proceeds from the sale of a couple of computers and chairs will pay the bills that the company has, they are not very smart.”
List of objects auctioned on Twitter
A 10-foot neon sign of Twitter, perhaps a nice companion piece for the statue, it sold for $40,000. A 1.80 meter tall planter in the shape of the @ symbol -which is, of course, an icon of the platform- it closed at $15,500. a conference table of wood sold for almost $10,500. A fancy La Marzocco espresso maker sold for about $13,500, less than half of its retail value. A Eames chair sold for at least $1,400. Other items for sale were beer kegs, a rotisserie oven, and a high-performance work chair. In short, everything you need for a productive day in Silicon Valley.
If we look at what they have announced as a sale made from the auction company, It is true that we do not have the numbers to pay bills, salaries and other financial obligations. But it’s also true that it never hurts to earn a few thousand dollars while you kill time.
Elon Musk has proven to be an unintelligent CEO, making very controversial decisions from the outset, which has weighed down the social network, which sees how the end of 2022 and the beginning of 2023 are full of difficulties. We will see if the red social survive this year.
