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.
Bids for billionaire Mukesh Ambani's first IPO in 20 years topped $77 billion on Friday, making Jio Platforms India's most subscribed stock offering as it surpassed the 2008 issue of Reliance Power, part of his brother Anil's group.
Sales of Apple's first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market in the same way the iPhone did for smartphones.
Microsoft researchers say an AI tool that diagnoses patients step by step, as doctors do, was more than twice as accurate as general physicians at solving complex medical cases, according to a study published on Thursday in Science.
The UAE and Greece have announced 18 agreements and commercial partnerships worth a total of €12.75 billion, strengthening economic and investment cooperation.