Platformer - Is X bracing for exodus?
Here’s a preview of a longer post I wanted to share with you all: a look at how an upcoming stock grant could shake up things at the former Twitter once again. To get the full Platformer experience, subscribe today. Is X bracing for exodus?As the company's illegal sign topples from Market Street, a fresh set of employees may also be looking to make the leapI. San Francisco gets a lot of flack for its alleged lawlessness — open-air drug markets, vandalized shop windows, and whatever else Fox News can cobble together a segment out of. If you want to experience the full force of the state, though — to have an army of city administrators descend on you, with speed and ferocity — that’s easy. Just put up any sort of structure without permission, and wait for them to beat down your door. Elon Musk learned that lesson the hard way on Monday, when the enormous lit-up X he had erected in recent days atop the former Twitter’s Market Street headquarters was unceremoniously removed. The X Corporation has in recent days devoted more time to signage-related issues than is prudent for a company that continues to lose advertisers, employees, and users’ time. But it’s consistent with Musk’s current incarnation as a cultural vandal, using his money and power to deface once-influential institutions and dare anyone to stop him. According to Bloomberg, in its brief and precarious life atop 1355 Market St., Musk’s big swinging X garnered 24 resident complaints. That’s a level of opposition the city typically reserves only for the most audacious projects — an ice cream shop, say, or a condo building. In fairness to residents, though, it had only been up on the roof for a few days — barely enough time for even one nearby apartment dweller to score a viral tweet showing the X’s blinding lights through his bedroom window. Still, the obvious danger of a poorly secured steel sign atop a tall building in an often windy city was enough to keep me away from the area while the city inspectors did their work. Which, according to Aisha Counts, Eliyahu Kamisher, and Karen Breslau at Bloomberg, Musk wouldn’t let them do. They write:
Given that Musk has been sued for not even paying rent on the building, I’m not sure the city’s odds of collecting those fines are particularly high. Musk trolled the city further over the weekend by stating that, while “the city is in a doom spiral with one company after another left or leaving,” he intended to keep X here. “San Francisco, beautiful San Francisco, though others forsake you, we will always be your friend,” he wrote. As usual, he has a funny way of showing it. II. While the sign imbroglio captured everyone’s attention over the weekend, inside the company, a more consequential drama may be about to play out. You’ll recall that when Musk bought Twitter, he paid a rich premium: $54.20 a share. Some of the 1,350 or so X employees are still receiving regular stock grants at that price, and the occasional windfalls have been enough to keep them at their jobs over the past year of tumult. Tomorrow, those employees will receive their final grant of $54.20 stock. And the question is how many of them will stay much longer... Keep reading with a 7-day free trialSubscribe to Platformer to keep reading this post and get 7 days of free access to the full post archives. A subscription gets you:
|
Older messages
How Facebook does (and doesn’t) shape our political views
Friday, July 28, 2023
Four long-awaited studies paint a muddy picture of social media's impact on public opinion
Twitter becomes X
Tuesday, July 25, 2023
RIP Twitter (2007-2023)
What should newsrooms do with AI?
Friday, July 21, 2023
As OpenAI and Google explore news partnerships, risks are everywhere
Five reasons Threads could still go the distance
Tuesday, July 18, 2023
One week later, engagement is down — but the prize is still there for the taking
Meta unspools Threads
Wednesday, July 5, 2023
Instagram chief Adam Mosseri on the company's big new swing at Twitter
You Might Also Like
Northvolt files for bankruptcy
Friday, November 22, 2024
Plus: Slush 2024 takeaways; Europe's newest unicorn View in browser Sponsor Card - Up Round-31 Good morning there, European climate tech poster child Northvolt is filing for Chapter 11 bankruptcy
Nov 2024: My first million!
Friday, November 22, 2024
$1M in annual revenue, B2B sales, SOC 2, resellers, grow team, and other updates in November 2024. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Google wants to keep Chrome
Friday, November 22, 2024
The search giant is pushing back on the government's plan to break it up — but competition is coming anyway Platformer Platformer Google wants to keep Chrome The search giant is pushing back on the
SaaSHub Weekly - Nov 21
Thursday, November 21, 2024
SaaSHub Weekly - Nov 21 Featured and useful products Tapzo logo Tapzo Award winning Smart NFC Business Cards #Business Cards #NFC #Sustainability Multiply.cloud logo Multiply.cloud Algorithmic Pricing
🚀 Master Outbound with Chris Marin – Join Us Live! 📬
Thursday, November 21, 2024
[Webinar] Tips to Boost Meetings & Build Sales Pipelines with Email Outreach 📬
[CEI] Chrome Extension Ideas #167
Thursday, November 21, 2024
ideas for Non-Gamblers, Gamers, Twitter, and AI ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
[SaaS Club] How a Tiny Team Bootstrapped a $6M SaaS
Thursday, November 21, 2024
The SaaS Club Newsletter Hey Reader Here's a quick round up of what's been going on at SaaS Club: In this week's newsletter: 🎙️ How Missive grew to $6M ARR with no VC help. 🚀 A smart way to
🗞 What's New: OpenAI's o1 is now available to all paid API users
Thursday, November 21, 2024
Also: How AI is reshaping the global workforce ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Make Your Social Media Work Smarter, Not Harder, With AI 📲
Thursday, November 21, 2024
Keeping up with social media can feel like running on a never-ending treadmill. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
150 days for the rest of your life
Thursday, November 21, 2024
Before we jump in: Every founder knows that chargeback disputes are messy and annoying to deal with. And in some crazy cases, chargebacks can even get your Stripe account suspended 😬 Well, today's