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The war on California’s proposed ‘Billionaire’s Tax’ is getting weird. This week, amid ongoing rancor from tech elites over the much maligned bill, it became apparent that someone was planning a so-called “March for Billionaires” in San Francisco. A website advertising the event popped up online, providing little in the way of context other than…
The Trump administration announced this week the U.S. government would work to build a $11.7 billion stockpile of critical minerals. That’s the headline; the subtext is more intriguing. The stockpile initiative, branded as Project Vault, is the latest attempt by the administration to secure supplies of critical minerals for U.S. manufacturers and what President Donald…
The Securities and Exchange Commission has dropped its lawsuit against Gemini, the crypto exchange founded by twins Cameron and Tyler Winklevoss. The Winklevoss twins were donors to Donald Trump’s re-election campaign and also backed his family’s business ventures. In a joint filing on Friday, the SEC and Gemini asked the court to dismiss the lawsuit,…
With the change in TikTok ownership, TikTok users in the U.S. are collectively freaking out over the company’s updated privacy policy after being alerted to the changes through an in-app message. The revised document details the U.S. joint venture’s conditions for using its service, including the specific location information it may collect. Many users are…
Defense tech company Anduril on Thursday announced its plans to expand its Southern California presence with a major campus in Long Beach, the coastal town where founder Palmer Luckey grew up. The expanded campus will eventually support about 5,500 jobs. Luckey told TechCrunch that these will be new jobs, not transfers from other operations. Anduril’s…
If you’ve been following the billionaire exodus from California with some confusion, here’s what’s actually driving the nervousness: it’s not the 5% rate. As highlighted Friday in the New York Post, the proposed wealth tax would hit founders on their voting shares rather than the actual equity they own. Take Larry Page, who about 3%…
The Trump administration suffered a series of legal setbacks this week after judges allowed work to restart on several offshore wind farms under construction on the East Coast. The Department of the Interior had ordered a stop to five projects totaling 6 gigawatts of generating capacity in December, citing national security concerns. The judicial orders…
Over the past few days, France and Malaysia have joined India in condemning Grok for creating sexualized deepfakes of women and minors. The chatbot, built by Elon Musk’s AI startup xAI and featured on his social media platform X, posted an apology to its account earlier this week, writing, “I deeply regret an incident on…
Ilya Lichtenstein, who pled guilty to money laundering charges tied to his role in the massive hack of crypto exchange Bitfinex, has apparently been released early from prison. In a Thursday evening post on X, Lichtenstein said he was out early “thanks to President Trump’s First Step Act” (a prison reform bill passed during Trump’s…
California is giving residents a new tool that should make it easier for them to limit data brokers’ ability to store and sell their personal information. While state residents have had the right to demand that a company stop collecting and selling their data since 2020, doing so required a laborious process of opting out…