Elon Musk Announces Closure of X's San Francisco Headquarters
The decision follows regulatory challenges and new state laws affecting business operations.
- Employees to be relocated to offices in San Jose and Palo Alto.
- Musk cites difficulties processing payments under current regulations.
- The move is part of a broader shift of Musk's companies to Texas.
- X, formerly Twitter, has been in San Francisco for over a decade.
- CEO Linda Yaccarino emphasizes long-term benefits for the company.
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