A proposed wealth tax aimed at billionaires hasn’t yet qualified for California’s ballot, but it’s already sparked intense pushback from tech founders in the state. It started when the New York Times reported that venture capitalist Peter Thiel and Google cofounder Larry Page were looking into leaving California in case the tax becomes law. Democratic Rep. Ro Khanna, who represents part of Silicon Valley, flagged the story on X and echoed President Franklin Roosevelt by adding “I will miss them very mu ...

Nearly two decades ago, tech startups used to chase the distinct pedigree of being a unicorn — reaching a $1 billion valuation.Now, fast-growing tech startups like OpenAI and SpaceX have shifted the goal posts by hundreds of billions of dollars. The era of the hectocorn has arrived. It is a small but growing club, and you must be valued at more than $100 billion to qualify.The next company to join the list could be Waymo, the self-driving robotaxi startup owned by Alphabet Inc. The autonomous automaker i ...

Well, for more on next week's big catalyst, let's bring in vital knowledge founder Adam Chrysafouli. Adam, this morning you talked about who won this week, Bulls versus Bears, but next week we have quite a list of catalysts here. So, how do you think this sets us up for next week.Yeah, I think um you know next Wednesday and Thursday in particular are going to be just blockbusters as far as catalyst where you have you know the major tech companies all reporting you have critical fed meeting and then you have ...

The recent H-1B visa fee hikes aren’t just policy changes, they’re serious impediments to innovation that will chip away at the foundation that built Silicon Valley’s global leadership. America has the world’s largest economy and is a world leader in innovation because it attracts and retains the world’s best talent to work on small, high-risk startups that one day blossom into large-cap economic titan. Almost 50% of US companies above $1 billion in valuation have one co-founder who is an immigrant. Uber’ ...