First Elon Musk, now Mark Zuckerberg.
Zuckerberg’s company, Meta (formerly Facebook), announced it would lease offices in a massive new building in Austin, Texas. Big tech companies, who cut their teeth and built empires in California, are fleeing the state and relocating to Texas. It’s almost as if high taxes, stifling corporate regulations, and out-of-control housing costs are unattractive to businesses and long-term sustainability. Who knew?
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