Home » Business » A statue of the “Twitter” logo was sold at auction for $100,000

A statue of the “Twitter” logo was sold at auction for $100,000

Viewers online noted that some of the used items were a bargain to buy as they sold for more than retail.

The sale of the items comes as Twitter owner Elon Musk cuts costs at Twitter after buying the company for $44 billion last year.

Musk has laid off about half of the company’s 7,500 employees since taking over in late October. He has also ended many perks for Twitter employees, such as free meals.

For example, a plywood Eames chair by designer Herman Miller, which normally sells for $1,195, was sold at auction for at least $1,400.

The auction administrator “Heritage Global Partners” did not publish the final results of the auction.

Musk tweeted in November that the company had experienced a “huge drop in revenue” after several advertisers left. He also warned that the company could go bankrupt.

Twitter may not have paid rent on offices around the world, including its San Francisco headquarters.

Nick Dove, a representative of Heritage Global Partners, the company managing the auction, told Fortune magazine that the sale had nothing to do with recouping the $44 billion purchase price.

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