X Bids Farewell To San Francisco Headquarters Elon Musk’s social media giant moves to South Bay as tensions rise with California regulationsX, the social media company formerly known as Twitter, is officially closing its San Francisco headquarters and relocating its employees to the South Bay. Despite its historic roots in San Francisco, where the company was founded back in 2006, X has faced significant changes since Musk’s takeover. Backed by aggressive layoffs and reduced employee counts, the San Francisco office saw usage decline. Musk's X, touted as the anchor of this initiative, initially succeeded; the area saw increased foot traffic and new businesses emerge. The San Francisco tech scene, once vibrant and full of promise, now faces challenges from within as it grapples with basic infrastructure needs and economic sustainability.


Source:   The Guardian
August 07, 2024 12:36 UTC