On October 28, Elon Musk finalized the purchase of Twitter for $44 billion after several months of bids, statements and even complaints. The businessman announced his acquisition by posting on his own account that "the bird is released" and the first measure he took was to fire the company's top executives such as the former CEO Parag Agrawal and Vijaya Gadde, who suspended accounts such as Donald Trump's. Now, Wall Street believes Musk intends to expand Twitter by opening new offices in the United States. And Texas could be where Twitter lands next.
Wedbush Securities analyst Dan Ives told Fox Business that Elon Musk wants to expand his presence in Austin, where companies of his such as Tesla (with the Giga Texas car manufacturing plant), SpaceX, The Boring Company and Neuralink that already operate in Texas:
This has become the foundation of the Musk ecosystem with Giga Austin. We believe it's just a matter of when, not if, Musk will open up a Twitter office in Austin .
Twitter's arrival in Austin would be a significant economic boost for the state and would further strengthen Musk's base of operations in Texas. Ives noted that "Austin has become Silicon Valley 2.0" thanks to the presence of Musk's companies in the state capital.
"Bring Twitter to Texas."
Since negotiations for the purchase of Twitter began in April, when Musk first offered $44 billion for the social network, some Texas political representatives, such as Governor Gregg Abbott, called on the entrepreneur to bring the offices to the state:
Elon Musk. Bring Twitter to Texas to join Tesla, SpaceX and The Boring company.
.@elonmusk. Bring Twitter to Texas to join Tesla, SpaceX & the Boring company.
- Greg Abbott (@GregAbbott_TX) April 25, 2022
Mayra Flores, candidate for the House of Representatives, joined Abbott's petition:
Hey Elon Musk. Let's work together and bring Twitter HQ to Texas. Everything's Bigger in Texas!
Hey @elonmusk let's work together and bring Twitter HQ to Texas. Everything's Bigger in Texas! 🤠
- Mayra Flores (@MayraFlores2022) November 1, 2022
Texas Republican Senate District 12 Republican candidate Tan Parker said he would "roll out the red carpet" for Musk and Twitter to land in Texas. In addition, Capitol Land & Livestock President and CEO Jim Schwertner offered the new owner of the social network 100 acres of free land to build the new headquarters in Texas.
Several Tesla employees join Twitter
As reported by CNBC, Musk decided that more than 50 Tesla employees join the Twitter scheme. In addition, two from Boring Company and one from Neuralink (both Musk companies), would also become part of the Big Tech company.
On the other hand, Twitter's new owner announced that it will charge eight dollars a month for each verified account:
Twitter's current lords and peasants system for who has or doesn't have a blue checkmark is b***hit. Power to the people! Blue for $8/month.
Twitter's current lords & peasants system for who has or doesn't have a blue checkmark is bullshit.
Power to the people! Blue for $8/month.
- Elon Musk (@elonmusk) November 1, 2022