Elon Musk Sells Office Equipment Including Espresso Machines to Pay Company Rent
- Elon Musk took drastic measures to cut down Twitter costs after he acquired the giant social media firm for a whopping $44 billion
- The company has reportedly been struggling to pay rent for its San Francisco office three months after Musk's takeover
- Twitter resorted to auctioning its office equipment and machines including espresso machines, fridges, kegerators, and computers, among others
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Elon Musk has reportedly resorted to auctioning Twitter office equipment and kitchenware as the company struggles to pay rent.
Source: UGC
This came after the Tesla and SpaceX CEO acquired the social media giant for a whopping $44 billion.
Twitter items on sale
Musk took drastic measures to cut Twitter costs as most companies stopped advertising on the social media platform.
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According to CNBC, Heritage Global Partners, a company conducting an auction for Twitter, listed for bid computers and oversized neon displays for the company’s logo.
Other items include kitchen supplies, encompassing a rotisserie cooker, multiple refrigerators, pizza ovens, espresso machines, and kegerators.
On Monday, 17 January, the neon electrical sign displaying Twitter's logo received a bid of $17,500.
Landlord sues Twitter for late rent payment
The items are auctioned from the San Francisco office three months after Musk's takeover.
Briefly News previously wrote about the commercial building owner who sued the company for failing to pay its rent on time.
Documents presented in the California Superior Court showed Twitter defaulted on $136,260 rent for its San Francisco office.
The landlord had given Twitter a notice to settle the arrears on 16 December 2022, but the company failed to settle the dues on time.
Musk planned to renegotiate rental lease agreements or opt out of some if they did not play by his rules.
Musk's measures to cut Twitter's cost
In another story, Briefly News previously wrote that in early January 2023, Musk directed workers at Twitter's Asia headquarters in Singapore to start working from home.
The company sent an email to the staff on Wednesday, 11 January, telling them to vacate the office.
Twitter said it reassigned the staff as remote workers in its internal systems until further communication.
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Source: TUKO.co.ke
Kelly Lippke (Senior Editor) Kelly Lippke is a copy editor/proofreader who started her career at the Northern-Natal Courier with a BA in Communication Science/Psychology (Unisa, 2007). Kelly has worked for several Caxton publications, including the Highway Mail and Northglen News. Kelly’s unique editing perspective stems from an additional major in Linguistics. Kelly joined Briefly News in 2018 and she has 14 years of experience. Kelly has also passed a set of trainings by Google News Initiative. You can reach her at kelly.lippke@briefly.co.za.
Kauthar Gool (Women Empowerment Editor) Kauthar Gool has been the Women Empowerment Editor at Briefly News since 2022. She holds a Master of Public Relations and Communication Management from the Cape Peninsula University of Technology (CPUT) (2022) and a Bachelor of Technology in Journalism from CPUT (2019). She has worked at the Fundza Literacy Trust, ITWeb, YOU Magazine, and Cape Argus. She is currently furthering her education in journalism at Stellenbosch University. Reach her at: kauthar.gool@briefly.co.za
