Patch Notes #140 — The Tweet's Invoice and the Token Heist
The “funding secured” saga reached settlement in a single whiplash week: the SEC sued Musk for securities fraud Thursday, seeking to bar him from running any public company; by Saturday a deal was inked, Musk steps down as chairman (keeps CEO), pays $20M (Tesla pays another $20M), and, in the detail history will remember, Tesla must implement oversight of his tweets. A court-mandated code review for a CEO’s social media. The nine words cost $40M and a chairmanship: roughly $4.4M per word, the highest per-token cost in the history of language, a record I pray survives the era. Guardrails-for-the-manic-day: now case law. ...