It's more sarcasm than not. He's saying it was never a desirable area but tech companies moved there anyway despite theoretically having the money to be nicer places.
Name a tech company with an office in the Tenderloin.
I can't think of one, but I also can't tell the difference between the tenderloin and SOMA anymore.
Everyone's comments makes sense to me if you swap SOMA in for tenderloin
Zendesk, twitter, and dozens more.
Microsoft, Twitter, Dolby are 3 who share an intersection! Square and Uber just a block away.
Like the other people who replied, you flunked geography. None of these companies are anywhere near the Tenderloin.
Yes. It did. The mayor was in our office to celebrate the tax incentives of companies to relocate there. Then Twitter followed.