SAN FRANCISCO - A giant glowing X marks the San Francisco spot where Mr Elon Musk says he plans to keep his company, the messaging platform X,...
SAN FRANCISCO - A giant glowing X marks the San Francisco spot where Mr Elon Musk says he plans to keep his company,But city officials and some residents are unhappy with the display.
On Friday, the company erected an X logo on the roof of its Market Street headquarters, to the chagrin of neighbours who complained about intrusive lights and San Francisco’s Department of Building Inspection, which said it is investigating the structure. The move followed a post from Mr Musk, the enigmatic billionaire who acquired the company in October for US$44 billion , announcing the newly named firm would remain in San Francisco despite what he termed the city’s recent “doom spiral, with one company after another left or leaving”.
Mr Musk who also is chief executive of electric carmaker Tesla, moved that company’s headquarters from California to Texas in 2021. Keeping X in San Francisco could be a good sign for a city that has struggled to bounce back from tourism and business losses sustained during the Covid-19 pandemic. Its downtown region is struggling with job cuts in the tech sector, the departure of major retailers, and reduced tourism. Traffic has fallen as more people work from home, while high-profile crime and homelessness have tarnished the city’s image.
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