National attention shifted to Austin late Friday afternoon when news broke that Oracle is relocating its California headquarters to Austin.
The shift from Silicon Valley follows a recent trend of tech giants moving to Austin and other parts of Texas, including Tesla founder Elon Musk and Dropbox CEO Drew Houston. The industry's biggest companies are also planning expansion efforts here, including Apple's $1 billion campus under construction in Northwest Austin as well as downtown office acquisitions from Facebook and Google.
But the Oracle announcement prompted the largest response yet, putting Austin into a significant national spotlight. Here is a roundup of reactionary coverage from major news outlets:
- Employees from Oracle will be in familiar company should they relocate here. Business Insider reports about a Slack channel for founders of early-stage startups who relocated from San Francisco to Austin. The channel had to be capped at 150 users because "there were too many people."
- The tech industry's movement toward Austin is, in part, caused by the lack of available space to expand in Silicon Valley. Box Inc. CEO Aaron Levie told the Wall Street Journal that his company's Austin office, which opened six years ago, now employs more people than his headquarters in Redwood City, California—the same city that Oracle called home since the 1980s—because "there's a finite space in the Valley."
- The hyperbole about a tech "exodus" from Silicon Valley may be overblown. Axios talked to major players in the industry who aren't concerned about Texas overtaking the San Francisco area as the center of the tech universe. In fact, data shows that tech growth is still mostly concentrated in coastal cities.
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The California exodus has made headlines for several years now, and even more recently, with thousands of West Coasters seeking tax relief, less-expensive real estate and a simpler lifestyle in Texas' capital city.
However, a California man's scathing review of Austin, which was published in Business Insider on Wednesday, reveals that some are less than satisfied with their move.
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