PayPal to shut down San Francisco office starting June 3
6d
10 Comments
https://abc7news.com/paypal-closes-san-francisco-office-sf-hq-stock/11794550/
Another one bites the dust after Stripe too left SF (bc of Prop C) and Block made Oakland their new flagship office.
PayPal to shut down San Francisco office starting June 3, sources say
comments
San Francisco thinking it could pull off a 0.784% tax on the REVENUE of finance/fintech companies is shocking. With the spirit of WFH on everyone's minds, it's now an easy decision for (fin)tech companies to pick up and leave.
https://sftreasurer.org/business/taxes-fees/gross-receipts-tax-gr
Not the moon.