Twitter has cancelled plans to move into new San Fransisco offices where fellow tech giants Uber and Square are currently headquartered, according to San Fransisco Business Times. The last-minute cancellation, if true, suggests Twitter could be holding back on expansion due to slowing growth.
According to the report, Twitter was close to finalizing a deal to add about 100,000 square feet to the planned offices at 1455 Market. It currently occupies about 760,000 square feet of space at 1355 Market — not far from the new location — which makes it the third-largest office of any tech company in the city, alongside Uber and Salesforce.
Twitter is looking for ways to bolster growth, with cofounder Jack Dorsey only just confirming last week that he would take over reigns as chief executive again after several months of uncertainty about who would lead the company. In its bid to drive new growth, speculation abounds that it could even ditch its staple feature — tweets limited to just 140 characters.
We’ve reached out to Twitter for comment and will update you if we hear back.
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Twitter reportedly axes new office plans due to slowing growth
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