San Francisco Officials Say “Good Riddance” To Musk

August 24, 2024 Business, Crackpots

The New York Times reports:

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. 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.

Twitter once symbolized San Francisco’s status as a start-up capital. But the city’s nonchalant response to the move — amid public posts from Mr. Musk about San Francisco’s inflexible tax policies and liberal politics — shows officials are now less willing to cater to companies considering a move.

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