San Francisco’s long relationship with X is nearly over — and city officials are far from heartbroken.
Elon Musk is shuttering his social media company’s headquarters in a gritty downtown neighborhood in the coming weeks and will move its last employees based there south to offices in Palo Alto and San Jose. New headquarters will be set up in Texas.
But city officials are not lamenting the exit. X bears little resemblance to the company that San Francisco wooed with a tax break more than a decade ago, when it was Twitter, to help anchor a budding tech hub in a downtrodden neighborhood near City Hall known as Mid-Market. The pandemic, and Mr. Musk’s 2022 acquisition of the company and subsequent gutting of its work force, reduced the headquarters to a ghost town.
“I share the perspective that most San Franciscans have, which is good riddance,” said City Attorney David Chiu, who as a member of the city’s Board of Supervisors backed the tax break that lured Twitter to Mid-Market in 2012.
You can read more in an article by Heather Knight and Kate Conger published in the New York Times at: https://tinyurl.com/5fcjkc4n.