>

Perks will be reduced until morale improves.
I am very interested in the amount of people that are still working there solely because of an H1B or something equity related. >

I’m interested on how much that pizza oven is >

If it's installed I can't see it being sold for anything, more like a remove it and you can have it for free. >

I got a wood fired stone pizza oven out of a restaurant for free doing just this. Thing was made in Italy and shipped here for the restaurant to go bust in under a year. New owners were going from Italian to Chinese food. It’s huge and in storage… but I got it. Lol >

Half my storage is stuff that I don't need but took for cheap or free. I'm like: "this thing is good an I could do that with it" make the plan, take the thing, pack for storage because I don't have time to do it now and it stay there for years:)) >

Yeah. Same. I’ve got 5 pizza ovens. Favorites are gas fired stone blodgetts built in 89 and 91. Stackable deck ovens. They don’t make em like they used to. >

You got 5 pizza ovens??? Hahah nice. If I knew you I'd be bugging you to host a pizza party. >

Isn't it more expensive to pay storage fees for years then it would be to buy one pizza oven that fits in your house that you can actually use and enjoy? >

That's what garages are for. If you can afford to have a pizza oven or think about having one, I'm sure you got space. Now the pizza ovens I know are intense. I can't imagine 5.. like they build the pizza restaurants around the ovens. I worked with some that were 60 years old and did wonders but there was no way that was moving so I'm guessing this guy has smaller pizza ovens. >

I have 4 Blodgett 1060s. They are not small. Lol >

The garage sale with continue until morale improves >

He's gonna start auctioning employees soon >

He probably wouldn't even be ideologically opposed to that, given his family's emerald mines and the fact that most of the remaining employees are on a work visa. >

The only people still working there need the job or they get deported.  Elon's slave owning history is coming back faster than his hairline did. >

I have to imagine there's a fair amount of incels that would throw themselves on pikes for him. >

Not anymore, he had a few but they got fired too. Lol >

Q: how do you make a small fortune when buying a popular online communication service?
A: you start with a large fortune. >

That’s akin to the (very) old joke I first heard in the 80s. 
How do you make a million dollars? Start with a billion and buy an airline. >

is that specifically a trump joke or just in general, i know he had an airline that was a huge failure >

I've seen this joke attributed to Richard Branson as a self-deprecating quip but I strongly suspect that's apocryphal.
(He did get into the airline business in the 80s though.) >

This. It was his quote, regarding his airline Virgin Atlantic. >

Which airline is one of the better flying experiences I've had.  I actually paid attention to the safety message. >

Musk has interest payments due at the end of the month so it would make sense he would have a garage sale given how much cash he’s lost this year. >

Step 1) buy a company whose assets are mostly counted under digital properties including a website and a brand name for way above price using loans which you leverage against the company
Step 2) realize you can't afford the interest on the loans and begin to panic 
Step 3) fire staff, downsize the company, so it can't maintain the digital property properly 
Step 4) hold a garage sale hoping to earn a few thousand of whatever physical assets the company has
Step 5) regret buying a kitchen sink to make a joke when you arrived because that was money you clearly didn't have
Honestly this is quality entertainment, if it wasn't for the people who lost jobs and the artists etc who have built businesses on the back of using Twitter as an outlet I would heartily recommend Musk keeps burning his image to the ground with this circus clusterfuck. >


Step 5) regret buying a kitchen sink to make a joke when you arrived because that was money you clearly didn't have

Yeah what's up with that? I never quite got it. >

Have you heard of the saying "Let that sink in"? 
"Elon musk just bought Twitter for 44bn, let that sink in."
..then he was literally let in(the building) while carrying a sink, thus them "letting that sink in".
Idk if that explanation helped >

It does but it doesn’t make sense in context. At that point, he’s tried to back out of the deal for months… Maybe it would be funny if he’d closed the deal naturally. >

It's not funny regardless. Musk can't help but try, and fail, to be clever. He's so desperate to be liked. Who knew a billionaire could be such a complete loser. >

What's funny is if he had just shut up,  paid a million a year to a team of pr people with the sole purpose of getting people to like him, he'd probably have a bigger following now than he did at his peak. >

I got the impression that this is exactly what he used to do, but thought he could do a better job himself so he fired the PR people around the time those kids were trapped in the cave. Seems to me that was around the time his public image started turning to shit. >

seems like something john oliver would buy >

This was my thought as well. He's buying something from this auction to showcase in an upcoming episode for sure. >

They had a few good chairs for $50 that usually retails for $1000+, I’m sure they’re all gone now. >

Oh man you could get so many cheap Aeron chairs in 2001 if you were in the area. >

I think the scary thing in all this is, if you look at the auction pictures, you can see how empty most of the office building is. Like there are floors that are just empty.
Next will be the carpets >

How about the copper wiring? >

That would probably make the building owners unhappy. But he seems to have stopped paying them rent, so they're probably already upset. >

This isn't the kind of action you typically see in a multinational media corporation. 
I'm sure business professors are already rewriting their textbooks about how valuation, due diligence and Delaware's Court of Chancery works in the 21st century. >

They're probably just double-underlining all of the chapters about valuation and due diligence. >

McGraw-Hill can smell the profits of the next edition. >

Especially since their parent company is Apollo Global, which bankrupted McGraw-Hill's competition.  Now they get to rewrite history, like referring to slaves as 'workers'. >

Oh that switch happened ages ago, they call it human capital. >

Last minute attempts to get those lost billions back. Way to go Eeyore >

How long before Elon is selling NFT's of himself in a super hero and astronaut costumes? >

When restaurants do this they are days away from closing >

Yup. I witnessed this with a very large multinational company. This is basically endgame. Twitter maybe has weeks before the banks/courts start shuttering. >

a GoFundMe campaign can't be far behind! >

He’s already getting donations from right-wing organizations - and possibly foreign ones, including Russia - to keep the company afloat as long as it keeps the bias on extremism. We’ll see how long they can keep it going. >

This whole debacle reminds me of "The Simpsons" episode where Bart sold his immortal soul for an Alf Pog. >

My favorite part of that episode is when Bart goes to the Kwik-E-Mart and the bullies are fogging up the frozen treats bin using their breath and then writing things in the condensation, and Bart tries and can't fog up the window and the bully says "way to breathe, 'no breath'." >

The automatic door not opening was my favorite part! >

Yeah, that's immediately before it. >

Excellent screen name! >

They must have so much extra morale >

This.  "Congratulations to the shellshocked survivors of the mass layoff.  Please understand that if you survived the layoffs, it's not because you're special or otherwise  held in high esteem.  You are a means to an end, and pizza ovens aren't part of those means."
- Elon Musk, probably >

Neither is toilet paper apparently >

The Lehmen Brothers Headquarters sign sold at auction for $66,000 - value has been going down ever since.
Highly unlikely a cumbersome $100,000 Twitter statue will hold its value after the buzz dies down. >

Well, there's nostalgia, like how some people use Blockbuster assets as a draw. >

Blockbuster was a beloved company.  Twitter is... crap. >

Blockbuster was pretty hated at the time, when they displaced local stores, had bad late fee policies, etc. Your nostalgia goggles are on. >

Are we “extremely hardcore” yet? >

Has he sold the sink yet? >

Everything but... >

I too remember the Dot Com Bust >

So many Aerons were on the market... >

This is such flailing, the time spent selling these things isn't worth the one-time revenue they'll bring in. >

Let’s just warm our hands by the fire >

Because that's what you do when your business is thriving, right?
...Right? >

It was in a world of hurt before Musk bought it, which makes it all the more strange that he did. >

Don’t we all dream of the day when all the fun places to work are turned into soulless cube farms? >

Just get rid of the offices all together tbh. Have your managers drive to each persons house for weekly in-person 1:1s. >

I officially bid five dollars for Elon’s sink. Wait, never mind I don’t need a sink. >

Twitter sounded like a pretty rad place to work before Elon showed up >

The only way he could be clearer that he's intentionally tanking Twitter is if he tweeted those words. If I hear any business is auctioning off office furniture well, I won't expect to see them tomorrow. >


If I hear any business is auctioning off office furniture well, I won't expect to see them tomorrow.

I've seen it happen w/ large companies that choose to change their office design/layout every 5 or 10 years, so they sell the furniture from the last remodel. >

On the heels of news they're not paying rent in several locations I doubt this is about a remodel. >

Yes, definitely. This is obviously about cash flow, apologies. I meant to clarify the bit about 'any business' doing it, which there are reasons for that to happen that aren't cashflow driven. >

Like, a glowing, flashing giant middle finger?  How much! >

Okay the neon bird sign might be cool. >

Oh man, I forgot about that auction! I was thinking of going to it for the lulz but it looks like he did it online like the cheap bastard he is and $1,700 for an espresso machine is stupid so it looks like I didn’t miss much. >

Supposed "business genius" Elon Musk is resorting to... garage sale tactics? Is this one of his "innovative" strategies he prides himself on? >

Musk did all this just to try and shut down the user that tracked his plane going to Epstein’s island every other weekend. >

That is NOT a good sign. 
Source: dot com bubble boom survivor >


"Weird to see the Twitter office on auction," tweeted Kevin Weil, the company's former senior vice president of product. "Great memories from a different era."

Different era was like 3 months ago >

Hope they've got enough of those bird signs lying around. I hear Musk owes the Saudis quite a bit of money >

They are having a slow going out of business sale. >

Elon moves in and now a yard sale? Fishy >

Give Elon some time. Twitter might go bankrupt in a quarter. >

I'll give em a buck for the pizza oven >

I checked, anyone who buys the stuff is getting ripped off. >

Maybe they will at least get a check mark of some color. >


neon bird sign

That definitely seems strange.   I work for a similarly large and well-known entity and when they updated lit signage in our office they made us take it apart, stomp and destroy all of the pieces, and photograph the evidence.   It was not allowed to leave anywhere except in a dumpster and in pieces. >

Perks will be reduced until morale improves. >

So, before Musk, twitter was doing well enough to be able to afford a pizza oven in their office. And now that he’s in charge they have to sell it and the fucking sign. What a laughingstock of a leader that man is. >

They lost over $200 million in 2021, and over a billion in 2020.  They were not doing well, but they were spending money as if they were. >

I was registered for this auction, and I was really hoping to jump in and snag their espresso machines for like 100 bucks. Because it’s Twitter they threw it all over the news and now they’re going for almost new prices. Thousands of dollars. Thanks media >

Your sacrifice will make us literally dozens of dollars. Also we’re a family. And I’m the dad, so no debating. >

On this week's episode of   R E G R E S S I O N >

Give me a head up when I can get a space rocket on the cheap. I’m not much in the market for neon bird signs. >

"We'll start the opening bid real low on this South African dunderhead of a CEO! There's got to be a use for him somewhere; I'm sure he'd make a fine paperweight! Just use your imagination, folks!"
"Hey, you can't auction me! I'm the guy who owns the site!"
"Well, it was worth a shot." >

This is good for Bitcoin >

I been under a rock… why the auction? Seems off. >

Well, he overpaid for a company that he bought using debt issued against the company he was buying at a high interest rate.
Twitter wasn't quite profitable (but had enough reserves for another 8 years or so at their average burn rate), but Elon added a billion dollars a year in debt service alone.  They'd have to increase revenue like 20% just to get up to their previous "not yet breakeven"" point. And the deal ate all their cash reserves, so there was no longer years to get out of it.
And since it's private, no angel investors or large portfolios holding tech stocks. 
Then his reckless and public mismanagement resulted in them losing all their critical staff, driving off advertisers (their primary revenue source), their replacement revenue source flopped (Blue) and was never going to raise enough money anyways. Oh, and it looks like he's lining up Twitter, TSLA, and himself for fucking billions of dollars in fines from the EU and the FTC, and also going to shell out even more to cover the people he refused to pay what he legally owed (the original amount, damages, and then fees for fighting it)....
And then the tech market went down and TSLA absolutely shit itself because the masses realized it was just a car company run by a fucking idiot, not a tech company run by a visionary. TSLA, the source of all his wealth -- TSLA, in which large chunks of his stock were already pledged to loans that would now get margin called.
So he's fucking hemorrhaging money out Twitter. 
That's why he's not paying rent. That's why he's selling off what few assets Twitter has. That's why he's closing datacenters and losing what little redundancy Twitter has. He's fucking can't afford it.
The dude lost 200bn in the last few months. Nobody fucking thinks TSLA is going to recover even half that slide. It's a car company whose cars are overpriced and of poor quality, and who now has real competition everywhere. >

They should auction off their customer's data and get ahead of the eventual data breach. >

That happened several times before the Muskrat took over. >

Makes sense though.  With less people, you need less junk. >

Also fewer people >

This is exactly what they should be doing. This is a website there is no need for them to have a global network of high end offices. >

I will take the Pizza Oven. Tip it on Musk, he has the money for it to burn away. >

“Startups like to outsource things”
Ah yes, start ups like Twitter, a multibillion dollar company founded 17 years ago and the eighth largest website in the United States. What in the world would make you think Twitter was a start up?
Even in the start up space, tech companies are notorious for creature comforts and amenities to attract talent. >

Additionally, once a company sells to a new owner for $44 billion, it's officially no longer a startup. >

I'm interested in the neon sign >

Ok but i have to ask, twitter is already build, they not making anything new, so do you really need all those people to maintain it? >

What kind of bird is the sign? I might be interested. >

I registered but got priced out >

I’ll give you 8 bucks. Best I can do. >

Actually sad I missed this. I bet the furniture was one of a kind >

No you didn't miss anything.  Most of it can be purchased thru 'Design within Reach', and probably for less money. >

I'll tell you what... I can give you $35 for the whole lot. >

The money is in the copper you can rip from network cables Lisa… >

No more free pizza for Elon. >

This is what it looks like when an idiot billionaire ruins a business just because he can. >

I am very interested in the amount of people that are still working there solely because of an H1B or something equity related. >

I’m interested on how much that pizza oven is >

If it's installed I can't see it being sold for anything, more like a remove it and you can have it for free. >

I got a wood fired stone pizza oven out of a restaurant for free doing just this. Thing was made in Italy and shipped here for the restaurant to go bust in under a year. New owners were going from Italian to Chinese food. It’s huge and in storage… but I got it. Lol >

Half my storage is stuff that I don't need but took for cheap or free. I'm like: "this thing is good an I could do that with it" make the plan, take the thing, pack for storage because I don't have time to do it now and it stay there for years:)) >

Yeah. Same. I’ve got 5 pizza ovens. Favorites are gas fired stone blodgetts built in 89 and 91. Stackable deck ovens. They don’t make em like they used to. >

You got 5 pizza ovens??? Hahah nice. If I knew you I'd be bugging you to host a pizza party. >

Isn't it more expensive to pay storage fees for years then it would be to buy one pizza oven that fits in your house that you can actually use and enjoy? >

That's what garages are for. If you can afford to have a pizza oven or think about having one, I'm sure you got space. Now the pizza ovens I know are intense. I can't imagine 5.. like they build the pizza restaurants around the ovens. I worked with some that were 60 years old and did wonders but there was no way that was moving so I'm guessing this guy has smaller pizza ovens. >

I have 4 Blodgett 1060s. They are not small. Lol >

The garage sale with continue until morale improves >

He's gonna start auctioning employees soon >

He probably wouldn't even be ideologically opposed to that, given his family's emerald mines and the fact that most of the remaining employees are on a work visa. >

The only people still working there need the job or they get deported.  Elon's slave owning history is coming back faster than his hairline did. >

I have to imagine there's a fair amount of incels that would throw themselves on pikes for him. >

Not anymore, he had a few but they got fired too. Lol >

Q: how do you make a small fortune when buying a popular online communication service?
A: you start with a large fortune. >

That’s akin to the (very) old joke I first heard in the 80s. 
How do you make a million dollars? Start with a billion and buy an airline. >

is that specifically a trump joke or just in general, i know he had an airline that was a huge failure >

I've seen this joke attributed to Richard Branson as a self-deprecating quip but I strongly suspect that's apocryphal.
(He did get into the airline business in the 80s though.) >

This. It was his quote, regarding his airline Virgin Atlantic. >

Which airline is one of the better flying experiences I've had.  I actually paid attention to the safety message. >

Musk has interest payments due at the end of the month so it would make sense he would have a garage sale given how much cash he’s lost this year. >

Step 1) buy a company whose assets are mostly counted under digital properties including a website and a brand name for way above price using loans which you leverage against the company
Step 2) realize you can't afford the interest on the loans and begin to panic 
Step 3) fire staff, downsize the company, so it can't maintain the digital property properly 
Step 4) hold a garage sale hoping to earn a few thousand of whatever physical assets the company has
Step 5) regret buying a kitchen sink to make a joke when you arrived because that was money you clearly didn't have
Honestly this is quality entertainment, if it wasn't for the people who lost jobs and the artists etc who have built businesses on the back of using Twitter as an outlet I would heartily recommend Musk keeps burning his image to the ground with this circus clusterfuck. >


Step 5) regret buying a kitchen sink to make a joke when you arrived because that was money you clearly didn't have

Yeah what's up with that? I never quite got it. >

Have you heard of the saying "Let that sink in"? 
"Elon musk just bought Twitter for 44bn, let that sink in."
..then he was literally let in(the building) while carrying a sink, thus them "letting that sink in".
Idk if that explanation helped >

It does but it doesn’t make sense in context. At that point, he’s tried to back out of the deal for months… Maybe it would be funny if he’d closed the deal naturally. >

It's not funny regardless. Musk can't help but try, and fail, to be clever. He's so desperate to be liked. Who knew a billionaire could be such a complete loser. >

What's funny is if he had just shut up,  paid a million a year to a team of pr people with the sole purpose of getting people to like him, he'd probably have a bigger following now than he did at his peak. >

I got the impression that this is exactly what he used to do, but thought he could do a better job himself so he fired the PR people around the time those kids were trapped in the cave. Seems to me that was around the time his public image started turning to shit. >

seems like something john oliver would buy >

This was my thought as well. He's buying something from this auction to showcase in an upcoming episode for sure. >

They had a few good chairs for $50 that usually retails for $1000+, I’m sure they’re all gone now. >

Oh man you could get so many cheap Aeron chairs in 2001 if you were in the area. >

I think the scary thing in all this is, if you look at the auction pictures, you can see how empty most of the office building is. Like there are floors that are just empty.
Next will be the carpets >

How about the copper wiring? >

That would probably make the building owners unhappy. But he seems to have stopped paying them rent, so they're probably already upset. >

This isn't the kind of action you typically see in a multinational media corporation. 
I'm sure business professors are already rewriting their textbooks about how valuation, due diligence and Delaware's Court of Chancery works in the 21st century. >

They're probably just double-underlining all of the chapters about valuation and due diligence. >

McGraw-Hill can smell the profits of the next edition. >

Especially since their parent company is Apollo Global, which bankrupted McGraw-Hill's competition.  Now they get to rewrite history, like referring to slaves as 'workers'. >

Oh that switch happened ages ago, they call it human capital. >

Last minute attempts to get those lost billions back. Way to go Eeyore >

How long before Elon is selling NFT's of himself in a super hero and astronaut costumes? >

When restaurants do this they are days away from closing >

Yup. I witnessed this with a very large multinational company. This is basically endgame. Twitter maybe has weeks before the banks/courts start shuttering. >

a GoFundMe campaign can't be far behind! >

He’s already getting donations from right-wing organizations - and possibly foreign ones, including Russia - to keep the company afloat as long as it keeps the bias on extremism. We’ll see how long they can keep it going. >

This whole debacle reminds me of "The Simpsons" episode where Bart sold his immortal soul for an Alf Pog. >

My favorite part of that episode is when Bart goes to the Kwik-E-Mart and the bullies are fogging up the frozen treats bin using their breath and then writing things in the condensation, and Bart tries and can't fog up the window and the bully says "way to breathe, 'no breath'." >

The automatic door not opening was my favorite part! >

Yeah, that's immediately before it. >

Excellent screen name! >

They must have so much extra morale >

This.  "Congratulations to the shellshocked survivors of the mass layoff.  Please understand that if you survived the layoffs, it's not because you're special or otherwise  held in high esteem.  You are a means to an end, and pizza ovens aren't part of those means."
- Elon Musk, probably >

Neither is toilet paper apparently >

The Lehmen Brothers Headquarters sign sold at auction for $66,000 - value has been going down ever since.
Highly unlikely a cumbersome $100,000 Twitter statue will hold its value after the buzz dies down. >

Well, there's nostalgia, like how some people use Blockbuster assets as a draw. >

Blockbuster was a beloved company.  Twitter is... crap. >

Blockbuster was pretty hated at the time, when they displaced local stores, had bad late fee policies, etc. Your nostalgia goggles are on. >

Are we “extremely hardcore” yet? >

Has he sold the sink yet? >

Everything but... >

I too remember the Dot Com Bust >

So many Aerons were on the market... >

This is such flailing, the time spent selling these things isn't worth the one-time revenue they'll bring in. >

Let’s just warm our hands by the fire >

Because that's what you do when your business is thriving, right?
...Right? >

It was in a world of hurt before Musk bought it, which makes it all the more strange that he did. >

Don’t we all dream of the day when all the fun places to work are turned into soulless cube farms? >

Just get rid of the offices all together tbh. Have your managers drive to each persons house for weekly in-person 1:1s. >

I officially bid five dollars for Elon’s sink. Wait, never mind I don’t need a sink. >

Twitter sounded like a pretty rad place to work before Elon showed up >

The only way he could be clearer that he's intentionally tanking Twitter is if he tweeted those words. If I hear any business is auctioning off office furniture well, I won't expect to see them tomorrow. >


If I hear any business is auctioning off office furniture well, I won't expect to see them tomorrow.

I've seen it happen w/ large companies that choose to change their office design/layout every 5 or 10 years, so they sell the furniture from the last remodel. >

On the heels of news they're not paying rent in several locations I doubt this is about a remodel. >

Yes, definitely. This is obviously about cash flow, apologies. I meant to clarify the bit about 'any business' doing it, which there are reasons for that to happen that aren't cashflow driven. >

Like, a glowing, flashing giant middle finger?  How much! >

Okay the neon bird sign might be cool. >

Oh man, I forgot about that auction! I was thinking of going to it for the lulz but it looks like he did it online like the cheap bastard he is and $1,700 for an espresso machine is stupid so it looks like I didn’t miss much. >

Supposed "business genius" Elon Musk is resorting to... garage sale tactics? Is this one of his "innovative" strategies he prides himself on? >

Musk did all this just to try and shut down the user that tracked his plane going to Epstein’s island every other weekend. >

That is NOT a good sign. 
Source: dot com bubble boom survivor >


"Weird to see the Twitter office on auction," tweeted Kevin Weil, the company's former senior vice president of product. "Great memories from a different era."

Different era was like 3 months ago >

Hope they've got enough of those bird signs lying around. I hear Musk owes the Saudis quite a bit of money >

They are having a slow going out of business sale. >

Elon moves in and now a yard sale? Fishy >

Give Elon some time. Twitter might go bankrupt in a quarter. >

I'll give em a buck for the pizza oven >

I checked, anyone who buys the stuff is getting ripped off. >

Maybe they will at least get a check mark of some color. >


neon bird sign

That definitely seems strange.   I work for a similarly large and well-known entity and when they updated lit signage in our office they made us take it apart, stomp and destroy all of the pieces, and photograph the evidence.   It was not allowed to leave anywhere except in a dumpster and in pieces.