Bay Area housing, traffic have Facebook looking elsewhere for expansion

Bay Area housing, traffic have Facebook looking elsewhere for expansion

4 years ago
Anonymous $MUlyiGRWxa

https://www.siliconvalley.com/2019/10/04/bay-area-housing-traffic-have-facebook-looking-elsewhere-for-expansion/

Facebook CEO Mark Zuckerberg said during a publicly broadcast Q&A with employees that his company is looking elsewhere for growth because of the Bay Area’s housing and traffic issues.

“The infrastructure here is really tapped,” Zuckerberg said Thursday. “Housing prices are way up. Traffic is bad.” He added that while Facebook is trying to do what it can to help with what he called the region’s policy challenges, “at this point we’re primarily growing outside of the Bay Area.”