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Elon Musk Closes X Office in Brazil Amid Supreme Court Disputes. Here's What You Need to Know

  • The company relinquished nearly 1000 m² of space at Praça Faria Lima, an A+ development in São Paulo, at the beginning of 2024.
  • While the fate of the social network in the country remains unknown, there are speculations that it may relocate to a coworking space.

Elon Musk, billionaire owner of the X social network and other technology companies
Elon Musk, billionaire owner of the X social network and other technology companies
By: SiiLA News
04/09/2024

One of the world's leading social networks, X (formerly Twitter), is shutting down its São Paulo office. Exclusive information from Market Analytics monitoring reveals that the company, owned by controversial entrepreneur Elon Musk, has recently returned the keys to the 9th floor of Praça Faria Lima, a Class A+ development on Faria Lima Avenue.

This decision was confirmed aimed  heated discussions between Musk and Brazilian Supreme Federal Court (STF in Portuguese), Alexandre de Moraes, with Musk even threatening to close the office in Brazil in response to a follower.
"We are lifting all restrictions. This judge has applied massive fines, threatened to arrest our employees and cut off access to
𝕏 in Brazil. As a result, we will probably lose all revenue in Brazil and have to shut down our office there. But principles matter more than profit," he posted.

Musk's statement was made last Saturday (6th), however, the termination of the social media network's lease contract was confirmed by the SiiLA team in Januery, tree months preceding the disputes.

The new physical location of X in Brazil remains officially undisclosed if there´s any, yet professionals within the industry suggest that the social network may be relocating to a coworking space. The REsource team was unable to establish contact with Musk's company in Brazil to verify the destination.

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Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.

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