After some Ads on social media, Elon Musk is officially closing down X's headquarters in San Francisco.
On Monday, New York Times reported that the company's main Market Square office and longtime headquarters will close in the coming weeks, citing an internal memo to employees written by CEO Linda Yaccarino.
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“This is an important decision that affects many of you, but is the right one for our company in the long term,” Yaccarino reportedly wrote, noting the company's existing offices in nearby San Jose and an engineering office in Palo Alto shared with xAI. would remain open. Displaced employees would be transferred to these locations.
X, formerly Twitter, has occupied the Market Square building since 2012, although the company was originally founded in 2006.
Musk confirmed the news on X, replying to a post containing the original New York Times article.
“No solution. It's impossible to operate in San Francisco if you're processing payments,” Musk wrote. “That's why Stripe, Block (CashApp) and others had to move.”
There is no solution. It is impossible to operate in San Francisco if you are processing payments.
This is why Stripe, Block (CashApp) and others had to move.
— Elon Musk (@elonmusk) August 5, 2024
Last month, Musk X told his followers that he planned to move X and SpaceX from California to Texas because of what he called violence in the area and a 1955 California Assembly law affecting LGBTQ+ youth in schools.
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“This is the last straw,” Musk said at the time, noting that he planned to move X HQ to Austin. “I've had enough of dodging gangs of violent junkies just to get in and out of the building.”
It is noted that Musk's Tesla has been based in Texas starting in 2021.