Elon Musk hasn’t been having the best time after buying Twitter. The tech billionaire recently lost his status as the richest man in the world, and his struggles in managing Twitter and turning it into a profitable enterprise are largely to blame. Many are criticizing Musk’s approach by stating that he is focusing on minor things rather than the bigger picture, and the recent auction at Twitter HQ is a great example of that.
Musk has been trying to cut down on a lot of costs and boost revenue where possible, and that involved selling some supposedly unnecessary items at the auction. With all of that having been said and now out of the way, it is important to note that Twitter logo statue ended up fetching the highest price, namely $100,000.
Among other items that were sold include a wooden @ shaped planter which went for $15,000, a conference table that sold for $10,500 along with Twitter’s coffee machine which got snapped up for $13,500 with all things having been considered and taken into account.
Twitter has been having a hard time trying to make ends meet, with revenues plummeting after advertisers departed en masse. Some are criticizing measures like this for missing the big picture. It’s almost like Musk is trying to free up disk space by deleting text files!
The Twitter CEO was probably able to bring in a few hundred thousand dollars, but that won’t be nearly enough to save him in the long run. Other steps he has taken such as promoting Twitter Blue are also likely going to fall short because of the fact that this is the sort of thing that could potentially end up bringing in only a small fraction of what Twitter needs.
We might soon see Twitter closing up shop, and Musk will solely be to blame. If all he can do to save the company is sell it for its parts, he might not end up inspiring a lot of confidence in investors especially with interest and rental payments frequently being missed and a declining user base fleeing from the platform.
Read next: Twitter Rolls Out Its Annual Blue Package At Discounted Rates And Updates Its Tweet View Count Display
Musk has been trying to cut down on a lot of costs and boost revenue where possible, and that involved selling some supposedly unnecessary items at the auction. With all of that having been said and now out of the way, it is important to note that Twitter logo statue ended up fetching the highest price, namely $100,000.
UPDATE: The Twitter Bird Statue sold for $100,000 at the San Francisco Office Auction.. pic.twitter.com/bQleYFvU2h
— ALX 🇺🇸 (@alx) January 19, 2023
Among other items that were sold include a wooden @ shaped planter which went for $15,000, a conference table that sold for $10,500 along with Twitter’s coffee machine which got snapped up for $13,500 with all things having been considered and taken into account.
Twitter has been having a hard time trying to make ends meet, with revenues plummeting after advertisers departed en masse. Some are criticizing measures like this for missing the big picture. It’s almost like Musk is trying to free up disk space by deleting text files!
The Twitter CEO was probably able to bring in a few hundred thousand dollars, but that won’t be nearly enough to save him in the long run. Other steps he has taken such as promoting Twitter Blue are also likely going to fall short because of the fact that this is the sort of thing that could potentially end up bringing in only a small fraction of what Twitter needs.
We might soon see Twitter closing up shop, and Musk will solely be to blame. If all he can do to save the company is sell it for its parts, he might not end up inspiring a lot of confidence in investors especially with interest and rental payments frequently being missed and a declining user base fleeing from the platform.
Read next: Twitter Rolls Out Its Annual Blue Package At Discounted Rates And Updates Its Tweet View Count Display
