Tag: Silicon Valley
Twitter, Lyft, Other Tech Companies Layoff Thousands In Less Than 48 Hours
Due to massive revenue drops, anticipation of a recession next year, a rise in costs, a high number of $100,000+ salaries, among other factors, Silicon Valley companies including Twitter, Lyft, and Stripe have cut thousands of jobs in only the...
California Lost Double The Number Of Companies In 2021 Than Previous Year New Report Finds
According to a new Stanford University Hoover Institution report released on Thursday, the rate at which companies have been leaving California has risen dramatically since 2018, with the 153 company headquarters relocations in 2021, more than doubling the 75 that...
California Companies Stop Using Bitcoin Following Crash of Cryptocurrency
Since early May, the usage and investment in Bitcoin and other cryptocurrencies has plummeted worldwide. The most popular, Bitcoin, has gone from a high of a coin being worth $67,582 in November 2021 to under $50,000 in December, under $30,000...
Overreach in Technology Regulation Carries Multiple Risks
Last year, former chair of the U.S. National Science Board Diane Souvaine, PhD, testified before the Congressional Committee on Science, Space, & Technology on U.S. competitiveness in critical technologies. After warning that other countries such as those in East and...
CA Rep. Devin Nunes Announces He Will Leave Congress To Join Trump Media Startup
California Congressman Devin Nunes announced Monday he will resign from Congress to join former President Donald Trump’s new media startup company as its CEO. Nunes will remain in Congress until the end of the year. A source said the lawmaker...
Monetizing Data: The EDD, ID.me, and the Unemployed of California
In the spring of 2020, the pandemic caught many by surprise – no organization, it seems, was caught more by surprise than the California Employment Development Department. When the economy was essentially shut down by edict, both the state and...