X reportedly closing offices in San Francisco's Mid-Market area

X, the Elon Musk-owned social media platform formerly known as Twitter, is reportedly departing its offices in San Francisco's Mid-Market neighborhood.The New York Times on Monday reported on the move, citing an internal email from CEO Linda Yaccarino sent to employees. Yaccarino said the company plans to shut down its office on 1355 Market Street 'in the next few weeks.

Founded in San Francisco in 2006, the company moved to the Market Square building in 2012, drawn to the Mid-Market area as part of a deal with then-Mayor Ed Lee which included tax breaks.Following Musk's takeover of the platform in 2022, the company has faced scrutiny over reportedly skipping rent payments to the building's owner and reports that the company had installed beds at headquarters without permits.

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San Francisco Fed President Daly sees interest rate cuts coming as labor market weakensProgress on inflation and a clear slowdown in hiring likely will drive the Fed to some extent of policy easing, Daly said Monday.
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San Francisco Fed President Daly sees interest rate cuts coming as labor market weakensProgress on inflation and a clear slowdown in hiring likely will drive the Fed to some extent of policy easing, Daly said Monday.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »