Elon Musk is reportedly set to auction off various Twitter office supplies, including furniture, to clear rent dues of several weeks at its San Francisco headquarters and other global offices.
Musk has been trying to cut costs since his $44 billion takeover of the social media platform laying off employees and shutting down entire divisions.
He also introduced a paid system for blue tick verification.
According to reports, Musk is renegotiating the terms of the lease agreement even as real estate and management firms like Shorenstein, which owns Twitter’s San Francisco headquarters have complained against the company.
Twitter is also auctioning dozens of items of furniture, appliances, and memorabilia, including a large Twitter bird statue, a giant "@" sculpture, and other less interesting items like espresso machines and chairs.
The auction will be conducted online starting on January 17, 2023, and closing the next day, according to Heritage Global Partners, which is organising the sale.
TikTok's Chinese owner, ByteDance has said it signed binding agreements with three major investors to form a joint venture to operate TikTok's US app led by American and global investors on Thursday, in a bid to avoid a US government ban, a significant step toward ending years of uncertainty.
India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.
Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.
Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.