From Google co-founder Brin spending $66m to fight a billionaire tax to Google and Meta funding a joint Super Pac, Silicon Valley is engaged in an existential fight for its political power at home<\/p>\n
Tech billionaires have shelled out hundreds of millions of dollars ahead of the 2 June primary election in California, in an unrivaled attempt to influence who gets to run the state that Silicon Valley calls home.<\/p>\n
The industry has used a cover-all-bases approach, funding candidates and ballot measures big and small, contributing to what looks to be the most expensive primary season<\/a> in California history. The goal, experts say, is to gain both political and regulatory leverage that will perpetuate dominance in business.<\/p>\n Google co-founder Sergey Brin has spent $66m since January, more than any other donor, to fight a billionaire tax that\u2019s up for a vote on the November ballot.<\/p>\n Democratic gubernatorial candidate Matt Mahan has received more <\/strong>donations than any other candidate, including from top executives at Google, Amazon, Snap, LinkedIn, Reddit and Palantir.<\/p>\n Crypto mogul Chris Larsen has funded three Super Pacs with $26m to sway campaigns across California, including giving $1m to back a primary candidate for state insurance commissioner.<\/p>\n Google and Meta have collectively funded a Super Pac with $10m to back assembly and senate candidates in local district races across the state.<\/p>\n Silicon Valley money is flowing toward city primaries as well as state-level ones, with tech-backed Pacs sponsoring voter guides suggesting how to vote on local tax measures.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" From Google co-founder Brin spending $66m to fight a billionaire tax to Google and Meta funding a joint Super Pac, Silicon Valley is engaged in an existential fight for its political power at home Tech billionaires have shelled out hundreds of millions of dollars ahead of the 2 June primary election in California, in an … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-74282","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/74282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=74282"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/74282\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=74282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=74282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=74282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}