By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Stocks > Musk draws heat from San Francisco over giant X logo
Stocks

Musk draws heat from San Francisco over giant X logo

News Room
Last updated: 2023/07/31 at 12:49 AM
By News Room
Share
3 Min Read
SHARE

© Reuters. FILE PHOTO: A screen capture of Twitter’s official page with an “X” on the profile image is seen on July 23, 2023 in this screengrab obtained from a social media website. via REUTERS/File Photo

By Nicholas P. Brown

(Reuters) – A giant, glowing X marks the San Francisco spot where Elon Musk says he plans to keep his company, the messaging platform X, formerly known as Twitter. But city officials and some residents are unhappy with the display.

On Friday, the company erected an “X” logo on the roof of its Market Street headquarters, to the chagrin of neighbors who complained about intrusive lights, and San Francisco’s Department of Building Inspection which said it is investigating the structure.

The move followed a post from Musk, the enigmatic billionaire who acquired the company in October for $44 billion, announcing the newly named firm would remain in San Francisco despite what he termed the city’s recent “doom spiral, with one company after another left or leaving.”

Musk, who also is CEO of electric car maker Tesla (NASDAQ:), moved that company’s headquarters from California to Texas in 2021. Keeping X in San Francisco could be a good sign for a city that has struggled to bounce back from tourism and business losses sustained during the pandemic.

Its downtown region is struggling with job cuts in the tech sector, the departure of major retailers, and reduced tourism. Traffic has fallen as more people work from home, while high-profile crime and homelessness have tarnished the city’s image.

“Beautiful San Francisco, though others forsake you, we will always be your friend,” Musk wrote.

Yet not all San Franciscans are keen for Musk’s friendship. Locals over the weekend recorded video of the giant X glowing, pulsing and strobing, with some criticizing its intrusive lights.

X user @itsmefrenchy123 said they would be “LIVID” over the bright logo, imagining it “right across from your bedroom.”

“I’m just astounded at the flagrant lack of consideration for anyone ever,” wrote X user @DollyMarlowe.

San Francisco’s Department of Building Inspection, meanwhile, opened an investigation into the structure, saying it might be in violation of permitting rules.

A BID inspector said in a written report that company representatives denied roof access, twice, to BID officials seeking to inspect the logo. The inspector noted one representative said the sign was temporary.

A BID spokesperson could not immediately be reached on Sunday.

Read the full article here

News Room July 31, 2023 July 31, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Gold prices on the move, Tesla set to report earnings after the bell

Watch full video on YouTube

How AI Is Killing The Value Of A College Degree

Watch full video on YouTube

The 200-Year-Old Secret: Why Preferred Stock Is The Ultimate Fixed Income Hybrid

This article was written byFollowRida Morwa is a former investment and commercial…

US steps up blockade of Venezuela by seeking to board third oil tanker

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

Fraudsters use AI to fake artwork authenticity and ownership

Stay informed with free updatesSimply sign up to the Artificial intelligence myFT…

- Advertisement -
Ad imageAd image

You Might Also Like

Stocks

Playa Hotels & Resorts (NASDAQ:PLYA) Delivers Strong Q4 Numbers By Stock Story

By News Room
Stocks

ON24 (NYSE:ONTF) Posts Better-Than-Expected Sales In Q4 By Stock Story

By News Room
Stocks

Evolent Health shares leap on Q4 earnings beat and upbeat guidance By Investing.com

By News Room
Stocks

Chuy’s (NASDAQ:CHUY) Reports Q4 In Line With Expectations But Stock Drops

By News Room
Stocks

Red River Bancshares raises dividend to $0.09 per share

By News Room
Stocks

Ecolab appoints Microsoft executive to board

By News Room
Stocks

Semilux secures $50 million equity deal with White Lion Capital

By News Room
Stocks

US government debt trajectory to push long-term yields higher, says PIMCO

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?