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Elon Musk's X is leaving San Francisco; city officials say 'good riddance'

Economic Times

Economic Times · 1y ago

Elon Musk's X is leaving San Francisco; city officials say 'good riddance'

Elon Musk is closing the San Francisco headquarters of his social media company, X, and moving its employees to offices in Palo Alto and San Jose, California, with new headquarters set to be established in Texas. San Francisco officials are not upset about the departure of X, as the company had changed significantly since its initial tax break to anchor the tech hub in the city's Mid-Market neighborhood. The acquisition of X by Musk and subsequent job cuts due to the pandemic had diminished the company's presence in San Francisco.

Related News

New York is in, San Francisco is very much out for tech workers relocating

Business Insider

Business Insider · 1y ago

New York is in, San Francisco is very much out for tech workers relocating

The greater New York City area attracted the highest number of relocating tech workers last year, surpassing San Francisco, according to a SignalFire report. Despite some workers leaving the city, New York experienced a net gain in talent. The most common destination for tech workers leaving San Francisco was New York. Additionally, the report highlighted Austin and Los Angeles as popular cities for tech workers to relocate to. Meanwhile, the San Francisco Bay area saw its tech pool shrink the most, followed by Seattle and Boston. The cost of living was cited as a factor, but NYC's burgeoning tech scene was also a major driver.

Steve Davis left DOGE in May, but officials say he's still running the show | TechCrunch

TechCrunch · 1m ago

Steve Davis left DOGE in May, but officials say he's still running the show | TechCrunch

Steve Davis, a former top aide to Elon Musk at the Department of Government Efficiency (DOGE), is reportedly still exerting influence even after officially leaving in May. Despite his departure, Davis continues to guide current DOGE officials, raising internal tensions within the department. His allegiance to Musk and involvement in DOGE's operations have sparked debates over potential conflicts of interest, with concerns that the focus may lean more towards benefiting Musk's businesses rather than governmental efficiency.

Elon Musk's X Corp in another legal fight over unpaid rent, this time as plaintiff

Economic Times

Economic Times · 1y ago

Elon Musk's X Corp in another legal fight over unpaid rent, this time as plaintiff

Elon Musk's X Corp, formerly known as Twitter, has filed a lawsuit against Atlas Exploration, seeking over $713,500 in allegedly overdue rent and fees related to a sublease agreement for San Francisco office space. The complaint accuses Atlas of breach of contract. X claimed Atlas owed more than $340,263 for September to November rent in the previous year and had not paid any early-termination fees. Atlas had previously sought to terminate the sublease early and argued that X was unfairly demanding rent for certain months after Atlas had already paid for new office space.

Elon Musk's X Corp loses lawsuit against hate speech watchdog

Economic Times

Economic Times · 1y ago

Elon Musk's X Corp loses lawsuit against hate speech watchdog

A judge in San Francisco has dismissed a lawsuit filed by X Corp against the Center for Countering Digital Hate (CCDH), a nonprofit organization critical of the rise in hate speech on Twitter since Elon Musk's involvement. U.S. District Judge Charles Breyer granted the dismissal, suggesting that Musk may have targeted the nonprofit due to disagreement with its stance. X Corp accused CCDH of breaching its user contract by creating false reports that X had become a platform for hate speech. The lawsuit sought damages in the tens of millions of dollars.

7 Waymo robotaxis block traffic to San Francisco freeway on-ramp

TechCrunch · 1y ago

7 Waymo robotaxis block traffic to San Francisco freeway on-ramp

Seven Waymo robotaxis caused a traffic blockage on a San Francisco freeway ramp when they encountered a road closure with traffic cones. The robotaxi service, recently approved to operate without a human driver on San Francisco freeways, is still testing with a human driver in the front seat. The vehicles pulled over when confronted with the closure, leaving human-driven cars stuck behind them. Frustrated drivers had to physically move the cones to pass. Waymo's Roadside Assistance team manually retrieved the vehicles within 30 minutes. Similar incidents involving autonomous vehicles have raised concerns among officials and first responders.

Twitter bird sign sells for nearly $35,000 at auction

Economic Times

Economic Times · 5m ago

Twitter bird sign sells for nearly $35,000 at auction

Twitter's iconic bird logo, removed from its former San Francisco headquarters after Elon Musk's rebranding to X, sold for nearly $35,000 at an auction by RR Auction, which specializes in rare items. The 254 kg sign, measuring 12 feet by 9 feet, fetched $34,375. Musk has previously auctioned various items from Twitter, from memorabilia to office furniture. Other notable auction items included an Apple-1 computer for $375,000 and a sealed 4GB iPhone for $87,514.

X is left with advertisers pushing dubious cryptocurrency and AI 'undressing' apps, users say after Musk's outburst

Business Insider

Business Insider · 1y ago

X is left with advertisers pushing dubious cryptocurrency and AI 'undressing' apps, users say after Musk's outburst

Users of X are complaining about the increasing number of low-quality ads on the platform, including promotions for AI "undressing" apps and questionable cryptocurrency services. Experts believe this decline in ad quality is a result of larger advertisers leaving the platform. The exodus of major advertisers has left X reliant on smaller, less reputable ad buyers. These ads violate X's terms of service and are spreading across the internet, potentially being used for sextortion and targeted harassment campaigns. The situation is exacerbated by CEO Elon Musk's controversial actions and the subsequent loss of trust from mainstream advertisers. X is now facing a significant decline in ad revenue and struggling to attract advertisers.

EU asked to say how much funding given to Elon Musk's firms

Economic Times

Economic Times · 5m ago

EU asked to say how much funding given to Elon Musk's firms

The EU has been questioned about its funding to Elon Musk's companies amid rising tensions with the US. German Green EU lawmaker Daniel Freund requested the European Commission to disclose detailed EU funding, including grants and subsidies, for Musk's businesses over the past five years. Freund cited concerns over Musk's companies potentially weakening the EU. Elon Musk's social media platform, X, is under EU scrutiny, while Musk accuses the EU of censorship regarding content moderation rules.

Musk and X are epicenter of US election misinformation, experts say

Economic Times

Economic Times · 9m ago

Musk and X are epicenter of US election misinformation, experts say

According to a report by the Center for Countering Digital Hate, Elon Musk's false claims about the US election have garnered 2 billion views on social media platform X. The platform is also being used to spread misinformation about critical battleground states. Musk's support for former President Donald Trump and his large following of 203 million followers on X allows for the dissemination of content to other platforms. Fact-checkers have flagged at least 87 of Musk's posts as false or misleading. X users in swing states like Pennsylvania are misinterpreting local election events as examples of interference. An X account with 117,000 followers helped spread a fake video of mail-in ballots being destroyed.

Elon Musk is helping make LinkedIn cringe more attractive

Business Insider

Business Insider · 1y ago

Elon Musk is helping make LinkedIn cringe more attractive

LinkedIn's reputation for cringe-worthy content hasn't deterred advertisers, as ad revenue on the platform has surged by 10% to $4 billion in 2023 and is expected to reach $4.6 billion in 2024. Meanwhile, Elon Musk's X (formerly Twitter) has seen a significant drop in ad spend, plummeting by 55% to $1.06 billion. X's share of digital ad spend has also fallen, leaving room for platforms like LinkedIn, Reddit, and Snapchat to capture a larger share of the market. Musk's controversial behavior and content moderation issues on X have contributed to its decline.

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