California is seeing wealthy tech leaders depart. DoorDash co-founder Andy Fang announced his exit, citing the state’s new Wealth Tax. This tax targets founders with supervoting shares, potentially increasing their taxable ownership. Sergey Brin and Larry Page of Google also relocated. The law’s wording is criticized as a trap for tech innovators.
Related Posts
‘Troubles DMK, Congress to see ordinary women rise’: PM Modi at Coimbatore rally
Prime Minister Narendra Modi expressed pain and anger over the failure of the women’s reservation bill, accusing the DMK, Congress, and their allies of engaging […]
Biggest IPO ever? Insider share sale sets SpaceX valuation at $800 bn
SpaceX is reportedly conducting an internal share sale valuing the company at $800 billion, with a potential 2026 IPO in the works. This valuation, nearly […]
