Monday, May 27, 2024

Will Elon Musk bring Twitter to Texas? Some hope so


AUSTIN (KXAN) — Shortly after the news that Tesla CEO Elon Musk reached a take care of Twitter to purchase the platform for $44 billion, many have been calling on the billionaire to bring his new endeavor to Texas.

Musk, who lives in Texas, reached an settlement with Twitter on Monday. He introduced earlier in April that he had acquired greater than 9% in Twitter shares, making him the platform’s largest shareholder.

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Musk has beforehand stated that he views the acquisition of Twitter as a approach to shield free speech.

Currently, Twitter HQ is in San Francisco, California. Though Musk hasn’t stated what comes subsequent for the social media platform, many are already calling on him to bring it to Texas.

Following the news of the deal, Governor Greg Abbott tweeted at Musk, telling him to bring the platform to Texas.

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“Bring Twitter to Texas to join Tesla, SpaceX and the Boring Company,” Abbott tweeted from his marketing campaign account.

Musk introduced in October that Tesla could be shifting its headquarters from California to Austin, Texas. Musk’s The Boring Company, which can also be headquartered in Austin, has been in talks with the cities of Austin and Kyle to probably construct tunnels.

Some are hoping that Musk won’t solely bring Twitter to Texas however extra particularly, to Austin, which has seen vital development in new firms shifting to the world.

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“It’s no surprise that there is speculation about Elon Musk moving Twitter’s headquarters to one of if not the fastest-growing metropolitan areas in the country, especially after having already announced relocating Tesla here,” stated Laura Huffman, president and CEO of the Austin Chamber of Commerce. “It’s no secret we have so much to offer companies looking to expand or relocate their offices. We have several key components driving our meteoric success. One of those is our talent pipeline. We have a robust education system resulting in qualified graduates entering the workforce each year. When coupled with a dynamic live/work culture, we are able to offer the best home for companies and people seeking new, life-changing opportunities.”

Large firms transfer to Texas

If Twitter have been to transfer to Texas, it could be a part of a number of different massive firms that made the transfer to the Lone Star State. Oracle and Samsung have been additionally amongst massive firms that made the transfer to the Austin space prior to now few years.

Meta, previously generally known as Facebook, is one other social media platform that can also be increasing its presence within the space. The firm plans on making a Hyperscale Data Center in Temple, about an hour north of Austin. Meta has additionally leased your entire business half of Sixth and Guadalupe, a 66-story excessive rise that might be Austin’s tallest constructing when completed.





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