Everything must go! That includes the chairs, the desks, and wait...even the coffee maker?
It seems that Twitter's San Francisco HQ is having a liquidation sale and is auctioning everything. According to a posting on the Heritage Global Partners website, the social media giant is holding an online auction for its "surplus corporate office assets." Bidding opens on Jan. 17, 2023, with opening bids starting at $25 and $50. Items on the auction block include office chairs, industry-grade espresso machines, and lots and lots of kitchenware.
Among the other items on sale that might catch buyers' eyes is the "manual flywheel slicer" starting at $25. Or the multiple restaurant-grade full-sized ovens, also starting at $25. Not worth your money? Okay well, how about the "Electrolux Greens Machine 20Gal Vegetable Dryer"?
Twitter users have speculated, jokingly, that this is a desperate move by a company struggling to keep the lights on, but a representative with Heritage told Fortune that the auction "has nothing to do with their financial position." Further, the representative pointed to an auction that Twitter's UK offices held back in January as proof that this is business as usual for the company.
"They’ve sold for 44 billion, and we’re selling a couple of chairs and desks and computers," the Heritage rep told Fortune. "So if anyone genuinely thinks that the revenue from selling a couple computers and chairs will pay for the mountain there, then they’re a moron."
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Twitter is in dire straights now that CEO Elon Musk has taken charge. You've probably heard what's going on by now: Massive layoffs, a messy verification revamp, potential FTC lawsuits, and major advertisers pulling out. And while the news of Musk selling surplus office assets shouldn't set off alarm bells, it does point to a larger trend toward belt-tightening among the big tech companies in Silicon Valley.
