Tech Startup Snags Epic Office Space: Meta's Loss, Moloco's Gain!

Photo by Greg Bulla on Unsplash
In the ever-shifting landscape of Silicon Valley real estate, another tech giant is playing musical chairs with its office space. Moloco, the ad-tech startup that’s been turning heads with its explosive growth, is about to make a power move by snagging a sweet 60,000 square foot headquarters in Menlo Park previously owned by Meta.
This isn’t just another boring office swap - it’s a testament to the wild ride of Bay Area tech dynamics. Moloco, valued at a cool $2 billion, has been on a hiring spree that would make most startups dizzy. Their headcount has skyrocketed nearly 80% since the beginning of 2023, jumping to almost 800 employees faster than you can say “venture capital”.
From Startup to Space Conqueror
The new digs at 135 Commonwealth Drive represent more than just square footage - it’s a strategic flex. By doubling their previous headquarters’ size, Moloco is signaling its commitment to not just surviving, but absolutely thriving in the tech ecosystem. Chief People Officer Joanne Wrenn isn’t shy about their ambitions, declaring it a “long-term investment in the Bay Area”.
The Great Tech Musical Chairs
Meta’s ongoing office exodus continues, with the company actively shedding millions of square feet of Bay Area real estate. For companies like Moloco, this represents an incredible opportunity to plant their flag in prime Silicon Valley territory. They’re joining a growing list of tech darlings like Snowflake and Strava who’ve transformed Meta’s former spaces into their own innovation playgrounds.
Silicon Valley’s Resilient Spirit
With plans to house over 300 workers - mostly engineers and product pros - Moloco is proving that the Bay Area’s tech spirit remains unbroken. Their new headquarters isn’t just an office; it’s a statement that innovation continues to pulse through the veins of Silicon Valley, regardless of corporate shuffling.
AUTHOR: mei
SOURCE: SF Gate