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Silicon Valley’s richest are getting richer just as the pandemic is getting worse

Silicon Valley’s richest are getting richer just as the pandemic is getting worse

America’s wealthiest tech billionaires are faring extraordinarily well six months into a historic pandemic, posing a striking contrast with the fate of other Americans during the worst economic downturn since the Great Depression. When the coronavirus pandemic began to ravage the economy, those who worry about inequality expressed concern that billionaires — and particularly tech…
Silicon Valley pours money into Biden’s campaign — and snubs Trump’s

Silicon Valley pours money into Biden’s campaign — and snubs Trump’s

Silicon Valley’s elite are choosing their partisan teams with just over 100 days to go until Election Day — and few appear to be backing President Donald Trump. The clearest view yet of the breakdown came in fundraising reports released Wednesday. They portray a tech industry that has unmistakably coalesced around Joe Biden, the presumptive…
A Silicon Valley fundraiser for Joe Biden raised $4 million in one Zoom call

A Silicon Valley fundraiser for Joe Biden raised $4 million in one Zoom call

A small group of billionaires and other elite Silicon Valley donors on Thursday threw Joe Biden a fundraiser — over a video conference link with no wining and dining or schmooze time. And it ended up being what is believed to be his biggest fundraiser of the entire campaign. It was a peculiar event, even…
A Silicon Valley firm said it could give its own investors expedited coronavirus tests — but then said it was just “boasting”

A Silicon Valley firm said it could give its own investors expedited coronavirus tests...

Not all Americans have equal access to testing for the coronavirus. And not all Americans even have equal information about what existing testing might be available amid widespread testing delays and gaps across the country. That’s part of the reason why an email the Silicon Valley venture capital firm DCVC sent to its investors on…
A Silicon Valley firm said it could help investors get expedited coronavirus tests — but then said it misspoke

A Silicon Valley firm said it could help investors get expedited coronavirus tests —...

Not all Americans have equal access to testing for the coronavirus. And not all Americans even have equal information about what existing testing might be available amid widespread testing delays and gaps across the country. That’s part of the reason why an email the Silicon Valley venture capital firm DCVC sent to its investors on…
Why we shouldn’t rely on Silicon Valley for face masks

Why we shouldn’t rely on Silicon Valley for face masks

Silicon Valley is directing millions of masks to the front lines of the coronavirus pandemic to help address the shortage of medical supplies. It’s another way in which tech companies are trying to use their untapped resources to fill the void left by the government. American tech giants from Apple to Facebook have in recent…
Silicon Valley asked Elizabeth Warren to help with a fundraiser. She said no — but only eventually.

Silicon Valley asked Elizabeth Warren to help with a fundraiser. She said no —...

Elizabeth Warren’s team in recent weeks explored ways to raise money from Silicon Valley donors without violating her ironclad fundraising pledge to not “sell access to my time,” Recode has learned. The Democratic presidential campaign considered an inbound request to have a campaign representative — such as an endorser, a staff member, or a high-level…
First Spotify, now Slack: Wall Street may be losing its iron grip on Silicon Valley

First Spotify, now Slack: Wall Street may be losing its iron grip on Silicon...

With Slack’s apparently successful “direct listing” on Thursday, Silicon Valley scored another win in its tug-of-war with Wall Street and raised more questions about whether tech companies need the traditional support of big banks. Slack, the workplace messaging software popular in tech and media circles, became the second large tech company to debut on the…

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