Elon Musk X Twitter: The unveiling of Elon Musk’s striking ‘X’ sign atop his downtown San Francisco office has left city officials bewildered. In yet another move to transform the company, Musk introduced the new design and name for his social networking platform, X Twitter, last Friday. However, the same day saw the company fined for erecting the sign without obtaining the necessary permission, as mandated by the city’s building regulations.
Over the weekend, San Francisco officials made repeated attempts to inspect the rooftop sign. X officials asserted that it was merely a temporary illuminated display for an event and denied the inspector access. The city demanded that X either remove the sign or modify it to adhere to local standards.
City guidelines require permits for any new letters or symbols added to building signs, ensuring they blend with the building’s historical character and are safely attached. In response, X hired a crane on Monday to dismantle the existing Twitter sign, which had adorned the building for a decade and was causing obstructions. However, the removal process faced a hiccup, leading to potential street closure concerns.
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Despite the recent public spectacle, X (formerly Twitter) has received tempting offers to relocate its headquarters from San Francisco, with the city grappling with businesses leaving. Musk cryptically mentioned in a letter that X would be moving, adding a touch of animosity towards the city. However, he extended warm sentiments, stating that they would remain San Francisco’s friends even as others depart.
While Musk’s vision for X appears bold, some critics disapprove of the company’s direction. Since Musk’s acquisition of X for $44 billion in October, the company has faced challenges, including lawsuits for unpaid rent and unauthorized conversions of offices into bunk rooms. Only 20% of the staff remains, and the rebranding process, including replacing verification with blue checkmarks, has left users puzzled about the company’s brand management and the meaning behind the new ‘X’ name.
The San Francisco X saga continues to capture attention, leaving observers speculating about the enigmatic entrepreneur’s next move in this ever-evolving tech drama.
Our Reader’s Queries
What happened to the Twitter app?
Elon Musk’s Twitter rebranding to “X” started in July 2023. The platform now features a fresh “X” logo on its mobile apps for iPhone and Android, as well as a previous update to its website and Twitter accounts.
What does Elon Musk did to Twitter?
Elon Musk, the business magnate, made a move to acquire Twitter, Inc., an American social media company, on April 14, 2022. He completed the acquisition on October 27, 2022, after purchasing shares of the company since January 2022. By April, Musk had become the largest shareholder with a 9.1 percent ownership stake.
How did Twitter get the X handle?
In a recent move, Elon Musk has rebranded Twitter as ‘X’ and changed the official company handle to @X. The handle was previously owned by Gene X Hwang, who was informed that it was now the property of X. This bold move by Musk has caused quite a stir in the social media world, with many wondering what other changes he has in store for the platform. Only time will tell what the future holds for Twitter under the leadership of Musk and his team at X.
How much is X worth today?
Elon Musk has valued his company at $19 billion. Recently, employees at X were granted equity in the company at the same valuation of $19 billion, which equates to $45 per share. This information was obtained from internal documents reviewed by The Verge.