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$44 Billion Twitter Sale to Elon Musk Ignites Fears Company May Be Moved Out of San Francisco – California Globe

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$44 Billion Twitter Sale to Elon Musk Ignites Fears Company May Be Moved Out of San Francisco – California Globe


The acquisition of Twitter for $44 billion by Tesla CEO and billionaire Elon Musk on Monday fueled fear by Twitter staff and others that that the corporate could possibly be moved out of state, or at the least out of San Francisco, the place the corporate has been headquartered since its founding in 2006.

Neither Musk nor any Twitter govt mentioned something a couple of potential transfer on Monday, with Musk focusing solely on the sale and assuaging fears to customers that he would use the platform as a approach to limit-free speech regardless of being an advocate of free speech expansions on Twitter, would reinstate former President Donald Trump to Twitter, or different actions that will significantly change the platform. In an announcement on Monday, Musk maintained his dedication to free speech, in addition to enhancing the social media platform.

“Free speech is the bedrock of a functioning democracy, and Twitter is the digital city sq. the place issues very important to the way forward for humanity are debated,” mentioned Musk on Monday. “Twitter has great potential — I sit up for working with the corporate and the group of customers to unlock it. I additionally need to make Twitter higher than ever by enhancing the product with new options, making the algorithms open supply to extend belief, defeating the spam bots, and authenticating all people. Even my worst critics stay on Twitter, as a result of that’s what free speech means.”

Musk’s phrases quieted some critics, with the buyout inflicting Twitter’s inventory to leap up over 5% earlier than the bell on Monday. Different fears had been additionally lessoned following the Twitter boards announcement that they rigorously assed Musk’s supply, with Twitter Board chair Bret Taylor noting on Monday that “The Twitter Board carried out a considerate and complete course of to evaluate Elon’s proposal with a deliberate concentrate on worth, certainty, and financing. The deal was greatest path ahead for Twitter’s stockholders.”

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Nonetheless, for a lot of Twitter staff, the query over Musk’s dedication to California remained within the air.

“There’s no means we’re shifting to a hellhole like Texas,” mentioned a bunch of 4 Twitter staff in a Globe interview on Monday. “Everybody right here is totally on edge after it was introduced right this moment. I imply, we’ve been this fashion for awhile with Musk coming out and in of being on the board or making an attempt to purchase us. However now that it has occurred, and contemplating that Musk has moved a lot he had in California out of state, we’re very involved.”

Concern of a transfer exterior of San Francisco

Previously, Musk has had a blended relationship with California. He personally moved from California to Texas in 2020, shifting Tesla’s headquarters from Palo Alto to Austin late final yr and SpaceX increasing into Texas. Nonetheless, he has additionally proven exceptional dedication to the state, preserving the House X headquarters in Hawthorne, enhancing the Tesla plant in Fremont, and constructing a brand new manufacturing unit in Lathrop. Many within the tech business have famous that Musk has hinted about shifting Twitter out of San Francisco previously.

“Musk has mentioned earlier than that he desires to show Twitter’s HQ right into a homeless shelter,” mentioned Anthony Ferry, a San Francisco tech guide, to the Globe on Monday. “He even reiterated on Twitter that he was critical. That’s not precisely concrete, however it’s a pink flag.”

“Plus many in Texas try to get Musk to maneuver them in. Governor [Greg] Abbott tweeted to Musk earlier right this moment to maneuver them to Texas. So this isn’t simply hypothesis. That is an lively motion. If I used to be somebody in energy right here in San Francisco I might be extremely nervous. Twitter is without doubt one of the principal firms right here for tech. In the event that they had been gone, many would begin panicking.”

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Twitter staff had been additionally involved.

“Past Musk taking on right here, we’re nervous simply what he’ll do right here now,” mentioned “Saanvi,” one of many 4 Twitter staff interviewed, to the Globe. “All of us have lives right here now and like residing right here. Nobody actually desires to go.”

One other worker, “David,” instantly added, “It could sound like we’re simply exaggerating issues, however we aren’t. We aren’t in some bubble. Nobody desires a transfer. And you’ll wager that town doesn’t need them to go too. There’s a variety of taxes using on Twitter right here, in addition to Twitter being an vital a part of the financial system. California loses Twitter, there goes one other huge firm in addition to loads in taxes and plenty of well-paid staff.”

“If we don’t give up earlier than,” added a 3rd worker. “If there’s a transfer, a few of us may simply transfer on elsewhere right here somewhat than go there. That is one thing nobody desires however Musk may. And if he does, effectively, keep in mind when Boeing was moved out of Seattle after which tanked in Chicago due to the mind drain and all of the errors with it? Loads of parallels right here is all I’m saying.”

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As of Monday, Musk nor anybody else in Twitter has talked about a doable transfer, with no different metropolis reporting on a transfer exterior of hypothesis.





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San Francisco, CA

FBI warns terrorist groups could target Pride Month events around country

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FBI warns terrorist groups could target Pride Month events around country


SAN FRANCISCO (KGO) — It’s one of the most lively celebrations in the Bay Area. Every June, our region comes alive with the sights and sounds of Pride.

“We want to celebrate that people in San Francisco live authentic lives and that we can love who we love,” said Suzanne Ford, the executive director of San Francisco Pride.

Ahead of this year’s celebrations comes a new public service announcement from the FBI and Department of Homeland Security.

In it, a warning that foreign terrorist organizations like ISIS could target Pride events around the country.

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MORE: Foreign terrorists targeting US ‘increasingly concerning’: FBI director

Cameron Polan works with the FBI’s branch here in San Francisco.

“The public service announcement is definitely something new this year,” Polan said.

The FBI says as of now, there are no immediate credible threats here in the Bay Area. However, they are advising people to take precautions.

Beyond the FBI’s warnings, San Francisco Pride executive director Suzanne Ford says sadly threats against Pride events are nothing new.

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“Our organization for many, many years has worked with state, local, federal law enforcement agencies and other appropriate agencies to make sure our community’s safe,” Ford said.

MORE: The dangers behind Republicans’ outrage over Easter falling on Transgender Day of Visibility

The FBI’s PSA has also gotten the attention of groups like Equality California.

The LGBTQ nonprofit says they want everyone to be comfortable celebrating Pride this year.

“Go with a friend, let people know you’re attending Pride, have a meet up spot, have an exit plan, know a check point around the area,” says Jorge Reyes Salinas.

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Because with Pride kicking off in just a few weeks time, Ford says this year’s celebrations will be better than ever before.

“We’re going to come together, there’s going to be one million people out on Market Street, and we’re going to proclaim to the world that in San Francisco Pride is our community and that we’re going to be there,” Ford said.

If you’re on the ABC7 News app, click here to watch live

Copyright © 2024 KGO-TV. All Rights Reserved.



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San Francisco, CA

San Francisco 49ers sign 2 with Alabama football roots

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San Francisco 49ers sign 2 with Alabama football roots


Defensive tackle Shakel Brown and offensive tackle Chris Hubbard signed one-year contracts with the San Francisco 49ers on Tuesday, the NFL team announced.

Brown played at Troy and Hubbard played at UAB before reaching the NFL.

While Brown has never played in an NFL regular-season game, Hubbard entered the league as an undrafted rookie with the Pittsburgh Steelers in 2013 and has played in 94 regular-season and six playoff games.

Both players are coming off injuries with the Tennessee Titans.

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Hubbard started nine of the Titans’ first 10 games at right tackle in 2023 before a biceps injury ended his season prematurely. Hubbard had been an unrestricted free agent since March 13.

Brown joined Tennessee as an undrafted rookie last offseason. But he suffered an ankle injury in a preseason game and spent the entire 2023 campaign on injured reserve. The Titans had released Brown last week.

To make room on their roster for Brown and Hubbard, the 49ers released defensive lineman Earnest Brown IV and offensive lineman Corey Luciano.

FOR MORE OF AL.COM’S COVERAGE OF THE NFL, GO TO OUR NFL PAGE

Mark Inabinett is a sports reporter for Alabama Media Group. Follow him on Twitter at @AMarkG1.

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San Francisco, CA

Man charged in connection with two dozen retail thefts at San Francisco stores

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Man charged in connection with two dozen retail thefts at San Francisco stores


SAN FRANCISCO – A Daly City man is facing multiple felony charges in connection with more than two dozen retail thefts targeting San Francisco stores, prosecutors announced Tuesday.

District Attorney Brooke Jenkins’ office has charged 20-year-old Cuauhtemoc Ramirez with three counts of robbery, seven counts of organized retail theft, 23 counts of commercial burglary and 23 counts of grand theft. Ramirez also has been charged with 11 counts of vandalism, one count of attempted commercial burglary and one count of misdemeanor shoplifting.

Ramirez, who was arraigned on Monday, pleaded not guilty to all charges.

“Prolific, brazen, organized retail thieves will be vigorously prosecuted; there will be accountability and perpetrators will face consequences,” Jenkins said in a statement.

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According to prosecutors, Ramirez is believed to be part of an organized group that committed at least 24 incidents between Dec. 10, 2023 and April 17. Targeted retailers include Walgreens, Safeway, ZGO Perfumery, Smart & Final, BevMo and LensCrafters.

“Mr. Ramirez and his accomplices are alleged to have stolen over $100,000 in merchandise as well as to have caused thousands of dollars in damage to store property,” the DA’s office said in a statement.

Prosecutors also accuse Ramirez of vandalizing property during multiple incidents and used the threat of force and fear to steal during three of the incidents.

As of Tuesday, Ramirez remains held without bail, following a request by the DA’s office to detain him pending trial, citing a risk to public safety.

Ramirez’s next court appearance is scheduled for June 10, where a preliminary hearing date is expected to be set and the court is expected to rule on a motion to consolidate his pending cases, prosecutors said.

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