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Monday, May 27, 2024

Inside Elon Musk’s X – The Verge

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With Elon Musk in Portofino, Italy, this week for Chamath Palihapitiya’s wedding ceremony, and Linda Yaccarino in Los Angeles for a celeb allure offensive, their rank and file tore down chook logos within the workplace with energy instruments. Twitter is turning into X.

Eliminating the Twitter model makes no conventional enterprise sense, after all. But it surely is sensible to Musk, who solutions to nobody and is continuous to form the platform how he, and only he, sees match. In case you nonetheless work on the firm previously often called Twitter nowadays, you’ve come to peace with that truth or maybe even grown excited by it. Now that Musk has stripped the corporate all the way down to the studs, with solely about 200 engineers and a handful of product managers left, I’ve been questioning: what’s in it for many who stay?

Remarkably, Musk has but to truly difficulty worker inventory grants in X Holdings Company, the father or mother firm of what was Twitter, I’m instructed. That’s despite him saying in February that grants can be issued by late March at a valuation of $20 billion. As an alternative, workers have been given an IOU within the type of a doc saying the corporate intends to grant them restricted inventory items.

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