Economy & Business, Politics

Analyst Makes Prediction About Where Elon Musk Could Move Twitter

One analyst predicted on Monday that Elon Musk could eventually move Twitter to Austin, Texas, from San Francisco, California, alongside his other enterprises.

Dan Ives, an analyst from investment firm Wedbush Securities, said during an interview with Fox Business that the world’s richest man has a clear motive for relocating the social media giant to central Texas. “This has become the foundation of the Musk ecosystem with Giga Austin,” he said. “We believe it’s a matter of when, not if, Musk opens up a Twitter Austin office.”

Musk earlier this month revived efforts to purchase Twitter after fighting the company in court over his attempt to cancel a previous offer, a move he said was driven by concerns that executives were underestimating the number of fake accounts on the platform. Read more…

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