close
close
migores1

Musk wants to move X. San Francisco officials say “Good riddance.”

San Francisco officials aren’t all that devastated by X owner Elon Musk’s plans to get the social media company out of the city.

“I share the perspective that most Franciscans in San Francisco have, which is a good escape,” city attorney David Chiu told The New York Times.

Musk announced in July that he would move X’s headquarters from San Francisco to Austin after California passed a law against “forced outings of LGBTQ+ students in schools.”

Musk has promoted anti-trans content on his platform in the past, which his transgender daughter Vivian Jenna Wilson has criticized.


Elon Musk at The New York Times Dealbook Summit 2023

Elon Musk said X headquarters will move from San Francisco to Austin.

Slaven Vlasic/Getty Images



Last month, the billionaire also said he was unhappy San Francisco’s “Gross Receipts Tax”.

“Even if the severe crime problem in SF was solved tomorrow, X could not stay in SF and issue payments because it would immediately fail,” Musk wrote on X.

It is not entirely clear when X plans to move to Texas.

The Times reported earlier this month that X CEO Linda Yaccarino told employees they would move to offices in San Jose and that X would open an office in Palo Alto, both of which — notably — are other cities. from California.

“This is an important decision that affects many of you, but it is the right one for our company in the long term,” the note said.

For their part, local San Francisco officials seem fine with Musk’s decision to relocate.

Mayor London Breed told the Times that while she met with Musk “a few months ago” and texted him, she made no offers to convince X to stay in San Francisco.

“I’m not going to beg anybody,” Breed said.

Breed said he believes Musk’s political agenda, which has become particularly conservative, may have influenced his exit.

Musk’s time at Twitter — which he renamed X last year — has been tumultuous. After Musk bought Twitter in 2022, he laid off hundreds of employees. Then he laid off a second round of workers the night before Thanksgiving.

Ted Egan, San Francisco’s chief economist, said that X’s presence had reduced so much that its absence would not affect the local economy.

“In many ways, they’re already gone,” he told the media.

Representatives for Musk did not immediately respond to a request for comment from Business Insider.

Related Articles

Back to top button