Elon Musk announced on X, formerly known as Twitter, that he has “no choice” but to relocate the platform’s flagship office out of San Francisco.
This statement was in response to a New York Times article detailing an email from X’s CEO, Linda Yaccarino, informing staff that the office would close, with employees moving to San Jose and Palo Alto.
This decision follows Musk’s recent declaration to move both X and his rocket company, SpaceX, to Texas.
He cited recent state legislation, particularly a new law preventing schools from making rules requiring staff to disclose information about a child’s gender identity to anyone, including parents, as the reason for the move.
Musk explained on X, “No choice. It is impossible to operate in San Francisco if you’re processing payments,” mentioning that other companies like Stripe and Block (CashApp) had also relocated due to local regulations.
In July, Musk had stated that the headquarters of X and SpaceX would move to Texas following the introduction of the new gender identity law in California. He referred to the law as “the last straw” in a post on X.
California’s Democrat Governor Gavin Newsom responded to Musk’s announcement with a post on X, stating, “You bent the knee,” and included a screenshot of a 2022 post from former President Donald Trump criticizing Musk.
In 2022, Musk purchased Twitter for $44 billion and promptly implemented numerous changes, including job cuts and reduced content moderation on the platform.
He had previously relocated Tesla’s headquarters to Texas in 2021 and is a resident of the state, which has no income tax.
Source-BBC
