X Daily News (@xDaily): SPECULATION: SF’s gross receipts tax likely factored in X’s decision to move HQ out of SF as it pivots to become a payment provider.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Impact unavailable
SPECULATION: SF’s gross receipts tax likely factored in X’s decision to move HQ out of SF as it pivots to become a payment provider. X needing to pay taxes on all transactions processed by the company (even if not revenue) would have been a huge financial burden on the company.