Twitter auctions its own furniture and sets records in the process

Last year, Elon Musk purchased the social platform Twitter, and shortly thereafter, 3,700 of the 7,000 Twitter employees were laid off. To help the company recover from the losses, an auction was held on the platform “Heritage Global Partners”, where surplus furniture was sold. Everything from office chairs and coffee machines to designer pieces and a 10-foot-tall model of the Twitter bird with neon lights was up for grabs. Surprisingly, the auction attracted a record 20,000 people, likely because of the fascination with Musk, and raised 1.5 million euros. Although it’s a start, it won’t be enough to get the company back in the black. To purchase Twitter, Musk had to sell Tesla stock and borrow money from banks, leaving the company in a tricky situation. Last month, Musk even compared the company to a plane on fire crashing into the ground. Despite the difficult circumstances, the auction was a success and set records, raising more than $35,000 for the Twitter bird alone.