Silicon Valley - Page 29

Hillary Clinton’s economic advisor just threw Silicon Valley under the bus by claiming the U.S. tax law Apple uses to attribute most earnings to its tiny Ireland unit, is a “fraud.”

Many tech leaders were left “dazed and confused” after top Silicon Valley venture capitalist Peter Thiel won a standing ovation at the Republican National Convention in Cleveland last Thursday when he introduced himself as both “proud to be gay” and “proud to be Republican.”

Democratic congressional candidate Ro Khanna applauded Silicon Valley entrepreneur and gay activist Peter Thiel for the courage he displayed during his Thursday night speech at the Republican National Convention (RNC).

Over 140 of Silicon Valley’s entrepeneurs and executives have signed an open letter condemning Donald Trump.

Despite the Standard & Poors Stock Index touching a new all-time-high of 18,166.77 on July 8, Silicon Valley tech stocks are unchanged over the last two years.

In the 1985 James Bond classic A View to a Kill, super-villain Max Zorin (Christopher Walken) plots to destroy Silicon Valley. That was fiction, of course — but this year, tech start-ups have suffered 70 “down-rounds” as venture capitalists have suddenly demanded that companies become profitable.

Paul Ryan is trying to run “Trump damage control” for the Republicans in Silicon Valley, according to Politico.

A top Google official on Tuesday hailed Israel’s tech sector, saying it trailed only Silicon Valley in the United States when it comes to “initiatives”.

Among campaign donors working for the 200 major tech companies, Bernie Sanders picked up 33,094, Hillary Clinton pocketed 2,087, while Donald Trump received only 52, CNN Money and Crowdpac report.

Intel CEO Brian Krzanich had scheduled a fundraiser with Donald Trump at his Silicon Valley home on June 1, but it had to be canceled after someone leaked it to the media.

Intel CEO Brian Krzanich has cancelled a planned fundraiser with Donald Trump just hours after the event was announced.

The Color of Change PAC announced that it has “confronted” Silicon Valley employees with a series of billboards “urging tech companies to stop supporting the Republican National Convention in protest of presumptive nominee Donald Trump’s bigoted rhetoric and policies.”

From the New York Post: Last week in an interview, Donald Trump picked a fight with the Left Coast, specifically Silicon Valley — and it’s less than pleased. It’s not every day that fellow billionaires get down in the mud,

In 2011, Republican ‘Young Guns’ former Majority Leader Eric Cantor, Kevin McCarthy, and Paul Ryan went to Facebook’s headquarters to meet with Sheryl Sandberg and Mark Zuckerberg.

Well, I did warn you not to trust them. A string of exposes in Gizmodo have exposed Facebook’s repeated assurances of political neutrality to be just that — empty assurances.

In the name of protecting claimed trade secrets, Silicon Valley tech giants are about to gain the controversial forfeiture rights against ex-employees that police are using in drug cases.

Although the Palantir “unicorn” is valued at $20 billion and has taken over a huge swath of Palo Alto near Stanford University, the company is hemorrhaging top-name clients, bleeding key staff and becoming increasingly unprofitable.

The rise of Donald Trump and his “America First” platform is pushing tech CEOs even closer to the Democrat establishment, after two decades of Silicon Valley moguls being able to outsource millions of manufacturing jobs and still get huge government contracts.

The UK Daily Mail reports on the remarkably close relationship between Google and the White House.

The meltdown of Silicon Valley tech jobs accelerated Tuesday, as Intel announced 12,000 job cuts worldwide and a plan to dump product lines, despite reporting higher profits.

With 700-square-foot San Francisco condos selling for $1 million, the North San Joaquin Valley, which stretches through Merced, Stanislaus and San Joaquin counties, is the new Silicon Valley suburbs.

Business Insider reports: United Airlines has launched the first direct flight between San Francisco and Israel, connecting two of the world’s leading startup hubs in the process. The United Airlines 954 flight from San Francisco to Tel Aviv takes off on

Google told the U.S. Senate Commerce Committee that Congress must fast-track self-driving cars by waiving states’ rights with a federal takeover of all roads and highways, the better to keep America ahead of Europe, China, and Japan, which are “hot on our heels.”

Michael Goguen, a Silicon Valley venture capitalist who has helped fund Paypal and Google projects, has been accused of abusing ex-stripper Amber Laurel Baptiste for over 13 years.

Square, Inc. stock popped when its mobile payment service crushed fourth-quarter sales expectations on March 9 — but then plunged as the company racked up a bigger-than-expected losses.

On hate speech, social media companies are enthusiastically liking, retweeting, and faving national governments. In December, the German government announced that they had secured the co-operation of Facebook, Google and Twitter in removing “hate speech” from their platforms. A wave

The latest billionaire buffoon is Mark Zuckerberg, CEO of Facebook. Having noticed that Jack Dorsey is out-doing him in the realm of leftist political whackery, the social media kingpin has begun to wear his progressivism on his sleeves. Facebook’s users — far more numerous than Twitter’s — are sure to suffer.

Disdain and outright fear of a Donald J. Trump presidency has changed Silicon Valley politics and is pushing more donations towards the Hillary Clinton camp, the San Francisco Chronicle reports. However, a number of leading tech executives have quietly conveyed their admiration for Trump and his campaign, especially his use of social media.

This weekend, Democratic congressional candidate Ro Khanna ripped into California’s Democratic establishment, saying the party’s rules are rigged, following an overwhelming endorsement of incumbent Rep. Mike Honda (D-CA).

With rents jumping over 50 percent in the last four years, there are many horror stories about evictions across Silicon Valley — most recently, the story of a 97-year old woman who has lived in the same rental for 66 years.

Northern California won and Southern California lost, as the California High-Speed Rail Authority has decided that the first leg of the bullet train will be built between Bakersfield and San Jose.

Silicon Valley has been enjoying a terrific economic boom, but the current tech-crash and stock market wipeout are already impoverishing the state of California.

Yelp! stock became the latest Silicon Valley darling in the week before Valentine’s Day to tank by double-digits, as big investors retaliated for the 50 percent stock drop since December by forcing the company’s CFO to resign.

With less than a week until Valentine’s Day, investors’ love affair with Silicon Valley continues to come undone as the tech-stock heavy NASDAQ Index plunged on the Feb. 8 opening down 3.5 percent.

LinkedIn’s epic $11.1 billion single-day-stock-plunge on February 5 represents the proverbial “ canary dying” in Silicon Valley’s gold mine as tech jobs are vaporized.