© Justin Sullivan/Getty ImagesWorkers dismantle the large X logo on the roof of X headquarters in San Francisco on July 31, 2023. X announced last month that it would close its San Francisco location ahead of a move to Austin, Texas.
The date that Elon Musk's social media site, X, formerly known as Twitter, will officially shutter its longtime San Francisco headquarters has been set, according to a report.
A source familiar told Fortune that X informed employees in an email on Thursday that the office on Market Street would close on Sept. 13, and the outlet noted the date just happens to be a Friday.
FOX Business has reached out to X for comment.
Musk announced last month that he would move the global headquarters of X and SpaceX out of California after Gov. Gavin Newsom signed a bill prohibiting schools from notifying parents of their children's gender identity.
Musk said at the time that X's headquarters would move to Austin, Texas, while he also announced that SpaceX would relocate its headquarters from Hawthorne, California, to Starbase, Texas. He cited the gender identity law as being "the final straw" and attributed the move to "this law and the many others that preceded it, attacking both families and companies."
Musk has been critical of several of California's policies over the years as he migrates his companies to business-friendly Texas.
The Tesla CEO officially moved the electric vehicle giant's global headquarters from California to Austin in late 2021, after tension with California's government over stringent COVID-19 restrictions.
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-"According to the 2021 data, California’s state and local government debt outstanding was approximately 541.24 billion U.S. dollars, the highest among all states.
-A more recent estimate from fiscal year 2022 puts California’s state debt at around 145.03 billion U.S. dollars.
- Another source reports California’s total state and local government debt as $1.6 trillion , which includes unfunded liabilities and other post-employment benefits (OPEB) liabilities of $184 billion."
And this is about to happen - especially China is dumping and cutting down in new acquisitions, exactly because of the agressive tone and economic warfare lately.
But history tells us a few things. First, they want to keep us commoners from preserving our investment (including bank accounts). So, sudden "bank holidays" or lockdowns for other ridculous reason (like mpox) might happen to prevent bank runs. And second, they will try to eliminate most of the common creditors, which is again - us. A big war is the most common method. Add the "suddenly and unexpected" thing in here.
But more to the point, I think somewhat gradually, and stepwise. With "stepwise" meaning an occasional big overnight surprise.
My limited understanding of the end of the USSR was the West used financial manipulation to create the fall.
The Chinese government knows who is buttering their bread - only Russia can deliver the energy (oil+gas), raw materials and food supplies to keep it going. And they know they would be the next target for a military action - which is already ongoing in a low intensity.
The biggest problem for the US is, the chinese stock market is of very little significance for the Chinese financial system - unlike in the West. In China, it is not the main vehicle to raise money for investments and businesses. This is done by a few banks tighly controlled by the CCP, much to the chagrin of Wall Street and the City of London, who can't get their financial debt wedge into the Chinese system ... As far as I understand it, the bureaucratic single-party system in the late Soviet Union had simply outlived itself. I watched the chance in geriatric "leadership" every few years myself, each of them similiar or worse than Biden nowadays. Both the party and population were just tired of it, until Gorbatchev finally deflated the bubble. I think they collapsed under their own weight. There was very limited financial integration with the West, but the Soviets exported oil, raw materials and grain even back then.