Elon Musk's X Leaving San Francisco

SOURCE dnyuz.com
Elon Musk's social media company, X, is leaving San Francisco for Texas. City officials are not upset about the departure, citing changes in the company and dissatisfaction with San Francisco's tax policies and politics.

Key Points

  • Twitter's move to Mid-Market in 2012 boosted the neighborhood's economy
  • Pandemic and Musk's acquisition led to X becoming a ghost town in San Francisco
  • Musk criticized San Francisco's tax policies and liberal politics

Pros

  • City officials are less willing to cater to companies considering a move
  • The move may lead to reevaluation of tax policies and business relationships in the city

Cons

  • Loss of a tech company headquarters in San Francisco
  • Increase in office vacancy rate in the Mid-Market area