Dorsey moved both of his companies, Square and Twitter, into the Tenderloin/Mid-Market area ~ 2012. They were given a 1.5% payroll tax by the city as the city + tech companies colluded to take over + gentrify this area. https://www.buzzfeednews.com/article/alexkantrowitz/twitter-will-allow-employees-to-work-at-home-forever">https://www.buzzfeednews.com/article/a...
SF got $6.75 million from tech cos moving there - that& #39;s one Twitter employee. Tech co& #39;s promises to "improve" the area - they didn& #39;t - retail vacancy went UP + “public perception that the community benefits program has been very weak—if not a joke,” https://sf.curbed.com/2019/6/7/18657092/twitter-tax-break-mid-market-hearing-haney">https://sf.curbed.com/2019/6/7/...
Now Twitter is gonna let its employees work from home forever -- and it& #39;s important to remember that the goals of all these tech companies building out offices was not just about giving their employees a place to work --
Rather, one of the biggest gains of the recent cloud computing tech bubble is really in real estate and finishing take over of the city by tech companies; Salesforce has been another huge driver of this.

And the city sold out to all of this for literally pennies on the dollar.
Following Twitter& #39;s move into the area: "Fifty-nine new companies large enough to have to report their payrolls to the city either moved to, or were created in, Mid-Market."

And over that period, the number of people without homes increased by 1600 people https://projects.sfchronicle.com/2019/mid-market/city/">https://projects.sfchronicle.com/2019/mid-...
the tech companies “helped the nonprofits, but they didn’t change the degree of displacement in the neighborhood and didn’t help stabilize the neighbors here,” -- so a bolstering of the non-profit space instead of direct aid / wealth distribution.
Neither Twitter or Square became profitable until 2018. That means that Dorsey moved thousands of multi-millionaires into, and executed a real estate takeover of, one of the last ungentrified areas of San Francisco, all without ever having made a dime.
Again: The true innovation of silicon valley is being able to pump millionaires, billionaires and monopolies on every business sector imaginable out of profitless companies. To use that to take-over and eat cities and markets. The tech VC model creates Dementor companies.
Twitter has only has in the neighborhood of 4,000-5,000 employees globally. They are not even significant job creators. Yet it has 35 offices around the world. That& #39;s an average of 142 employees per office

What kind of havoc is Twitter causing globally the same way it has in SF?
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