Billionaire investor and X owner Elon Musk has just uncovered plans to move the headquarters of the social media platform to Austin, Texas. This announcement comes after series of speculation regarding the future of the viral social messaging app.

Elon Musk To Redefine X Future In Texas

As revealed on his official X handle, Elon Musk declared that the firm’s headquarters will move to Austin. This decision is coming a month after 2 years after he finalized the deal that saw him take ownership of the firm in a $44 billion deal.

When Jack Dorsey founded Twitter, the firm had historically operated from California. The decision from Elon Musk comes following unfavorable State laws under the government of Governor Gavin Newsom. Though the timeline for the relocation remains unknown, it will mark a historic shift for the company and its staffs.

This is a breaking news, please check back for updates!!

The post Breaking: Elon Musk To Move X Headquarters To Texas appeared first on CoinGape.

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