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|    Elon Musk Hints At Possible Twitter Move    |
|    25 May 23 22:47:26    |
      XPost: alt.california, alt.politics.republicans, alt.fan.rush-limbaugh       XPost: talk.politics.guns, sac.politics, alt.politics.media       From: ying@yang.com              Musk remains non-committal towards Twitter’s HQ being in city              By Evan Symon, May 24, 2023 6:31 pm              Twitter owner and Tesla CEO Elon Musk gave a non-committal answer towards       Twitters future in San Francisco on Tuesday, creating growing concern that       the social media company could be moving out of San Francisco soon.              Since the beginning of the decade, many prominent companies in the Bay       Area, including Oracle, have left the city to relocate elsewhere in the       state or move out, largely due to the growing number of significant       problems besieging the Bay Area. However, few saw Musk or his companies       doing the same. Originally highly praised for Space X opening in the Los       Angeles area and Tesla in the Bay Area, he proceeded to amaze Californians       by bringing car manufacturing back to the state by reopening the Fremont       Assembly Plant in 2010. Tesla proceeded to grow exponentially throughout       the 2010s, aided both by the tech boom and the rising popularity of       electric cars.              However, only a few years later, relations grew strained, as California       tax rates and business laws began affecting the company to such a degree       that Musk looked elsewhere. Threats of unionization and the COVID-19       pandemic shutting down his factory for months proved to be final straws       for Tesla and Musk.              In late 2020, Musk moved out of California to tax-friendly Texas. Only a       year later, Musk moved the Tesla HQ from Palo Alto to Austin. While many       Tesla positions ultimately stayed in California, with the car plant       staying and a new factory opening up in Lathrop, Tesla continued to       defocus California, opening up other factories in Nevada and Texas, as       well as laying off hundreds of workers in California. While he did bring       the Global Engineering and AI HQ of Tesla back to Palo Alto in February,       both Tesla and Musk himself are now far removed from California.              Last year, Musk set out to buy Twitter, but went back and forth on plans.       But, with pressure mounting, Musk finally bought the company last April       for $44 billion. Problems plagued the company, with Twitter immediately       losing users, Musk firing around 80% of employees, and numerous issues       surrounding setting up living spaces in their San Francisco headquarters       to let workers sleep during long work days. The San Francisco Department       of Building Inspection is currently investigating the latter for       violations, including allegations from employees that the company disabled       lights and added locks that wouldn’t open during an emergency.              With so many issues, the question of Twitter leaving has been a constant       question since Musk’s acquisition in October. On Tuesday, during the Wall       Street Journal’s CEO Council Summit in London, Musk gave an unusually non-       committal statement on if Twitter would be staying in San Francisco. This       led to worry on Wednesday for many in the city that San Francisco would be       losing a large employer and a huge tax-paying company.              “San Francisco currently is facing a budget deficit of $780 million in the       next few years. They can’t afford to lose even more big companies,”       explained Charlotte Welsh, a budget analyst who has worked for cities in       California, Oregon, and Idaho, to the Globe on Wednesday. “Musk and       Twitter are holding a huge card right now for San Francisco’s future. And,       as we saw with the Tesla move, we know that he is willing to play it.       There could be a backlash from employees, like when Disney employees       refused to move to Florida from California until that was fully cancelled       last week. The city could also try to block the move as Twitter is       currently being investigated.              “We still don’t know for certain though what exactly will happen. But it       is up in the air now. If you told the city 5 years ago Twitter was       planning to move to Florida or Texas, they’d just laugh at you. Today,       it’s a big threat.”              As of Wednesday, Musk has not followed up on a possible Twitter move.              https://californiaglobe.com/articles/elon-musk-hints-at-possible-twitter-       move-out-of-san-francisco/              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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