The Texas Department of Public Safety abruptly closed the Texas Capitol on Friday through Inauguration Day. Techinfinitylife is your news, entertainment, celebrity website. While the tech industry had typically required its employees to live within commuting distance in years past — Facebook even used to give a bonus the closer employees lived to the office — the pandemic has shifted how many companies value in-office work. Read the full story at The Austin Bulldog. California has some of the highest taxes in the nation, and San Francisco is one the most expensive housing markets in the country. That decision has so far cost the city $119,583 in a hitherto fruitless lawsuit. While Palantir co-founder Joe Lonsdale already lives in Austin, he recently confirmed that the VC firm will also be making the move to the capital of Texas. United Airlines lost $7 billion in 2020 as the pandemic crushed the travel business. We provide you with the latest breaking news and videos straight from news industry. Visit Business Insider’s homepage for more stories, The Information’s Cory Weinberg, Kate Clark, and Zoë Bernard, The tech elite are abandoning Silicon Valley in droves because of ‘monoculture’ and high taxes — here’s where they’re headed, shifted how many companies value in-office work, a migration toward more affordable locations, Biden Expected to Pick Janet Yellen, Former Fed Chair, as Treasury Secretary, Inside Vanessa Hudgens’ Date Night With MLB Player Cole Tucker – E! Elon Musk—Tesla is building a large factory near Austin.Its CEO, Elon Musk, announced in late 2020 that he had moved from California to Texas to be … An Iowa airport will conduct coronavirus screenings of all outgoing passengers. The address on file for this person is 8 Hearn St, Apt. Houston is the latest tech mogul to make a high-profile departure from Silicon Valley, … Austin isn’t the only city seeing an influx of Silicon Valley’s elite. FileTrail: The formerly San Jose-based firm, which makes records management software for law firms, moved to Austin … Douglas Merritt—Splunk CEO Douglass Merritt recently bought a home in Austin, with plans to make it his permanent residence. In October, Dropbox announced it would stop asking employees to come into its offices and instead make remote work the standard practice, even after the pandemic ends. Dropbox helps more than 50 million people around the world access and share their most important files from anywhere. Drew Houston: The Dropbox CEO has purchased a home in Austin and plans to make it his permanent residence, according to a report from The Information last month. Houston’s departure from Silicon Valley is the latest in a string of high-profile moves during the pandemic. Opinion | A Biden Tax-Hike Break for Small Businesses, Biden’s Calls for Unity Are Already Being Tested in Congress, Jen Psaki, Biden’s new press secretary, pledges to bring ‘truth and…, The Inauguration Kept Crowds Out and Tried to Bring America In, Purple was a popular color at the inauguration and Bernie Sanders’…. Houston’s departure from Silicon Valley is the latest in a string of high-profile moves during the pandemic. Tesla founder Elon Musk has said he plans to spend more time in the city, even teasing moving the Tesla headquarters to Austin. Dropbox CEO Drew Houston is reportedly moving to Austin from the Silicon Valley. Here's what that looks like in Austin, Confidence, defense and chemistry: Longhorns basketball slams a top 10 ranking, Austin’s art scene: the rift between street art and graffiti, Host of 'The Bachelor' franchise is moving to Austin, Good times have faded at the TarryTown Shopping Center, the once-thriving neighborhood hub where animal rights activist Jeanne Daniels has pushed out local favorites, Meet the two names from Austin behind the transformation of the new Joe Rogan podcast studio, Operation Spider Web leads to 13 arrests in drug trafficking ring that targeted UT students, Far from Gigafactory, Tesla and other tech execs driving ‘04 Austin housing boom, Zilker train on track again: Austin gets on board to improve a family park favorite, Dropbox CEO moving to Austin, as tech elites continue to pour into the city. High-Profile departure from Silicon Valley is the latest high-profile departure from Silicon Valley Palantir Technologies CEO Alexander Karp is Texas! 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