Jon Porter
Lights. Camera. Twitter rebrand!
I guess projecting the company’s new “X” logo beats “Elon Musk: supreme parasite,” “Space Karen,” or “proof Elon an idiot” — all things previously projected onto Twitter HQ.
Elon Musk Archive
Archives for July 2023
Jon Porter
Wes Davis
Andrew J. Hawkins
Tamara Warren and Patrick George
Richard Lawler
Tesla settles shareholder lawsuit with directors agreeing to return $735 million in stock options.
No, not either of these lawsuits (although a decision on Elon’s $56 billion pay package is expected soon, you can relive his testimony in text form here), but in the case of The Police and Fire Retirement System of the City of Detroit v. Elon Musk.
The retirement fund challenged stock options granted to directors starting in 2017, according to Reuters, and it appears the proposed settlement (linked below) has been accepted, so they’ll return 3.1 million options to the company.
2023.07.14 Detroit Settlement Agreement Final
[DocumentCloud]
Richard Lawler
An update for how things are going with Twitter.
Elon Musk has said that Twitter is reaching all time highs in “device user seconds usage,” and that almost all the advertisers who left have “either come back or they said they will come back.”
This week he started paying out big bucks to a “select” group of posters, promoting the idea that subscribing to Twitter Blue can help them make money on Twitter by splitting ad revenue.
Also Elon Musk:
Jay Peters and Emma Roth