Billionaire tech mogul Elon Musk has confirmed that Twitter, which he is rebranding as “X,” will keep its headquarters in San Francisco, despite the challenges the city is currently facing with major businesses leaving and the economy plummeting.
Musk, along with a group of investors, took Twitter private in a significant $44 billion deal last year. Despite receiving enticing offers from other locations trying to attract the company, Musk stated in a tweet on Saturday that Twitter, now known as “X,” will not be moving its headquarters from San Francisco.
The decision to remain in San Francisco showcases Musk’s commitment to the city, even amid concerns about a “doom spiral” as several companies have recently left or are leaving. By choosing to stay, “X” is signaling its determination to maintain its roots in the city and contribute to its economic and social landscape.