Tagged With salesforce

In spite of some public bellyaching over perceived fairness on behalf of several high-profile, wealthy technology company heads prior to election day, the voters of San Francisco have cast their ballots in favour of Proposition C. Under the measure, businesses with over $US50 ($69) million in gross receipts will be taxed 0.175 to 0.69 per cent in order to fund housing and homelessness services.

Politicians and tech executives are split on San Francisco’s Proposition C, which would impose an annual 0.175 to 0.69 per cent tax on businesses with over $US50 ($69) million in gross receipts and would double the city’s current spending on services for the homeless.

And while many have spoken out about their position ahead of Tuesday’s vote — including but not limited to Twitter’s Jack Dorsey, who opposes Prop C — two tech company heads are duking it out on Twitter.

Twitter stock crashed last night, falling nine per cent, amidst reports from Re/code that Google and Disney -- who were previously suspected buyers -- will not be making bids for the company. That still leaves Salesforce in the running, with CEO Marc Benioff saying earlier this week that "data is the currency in software's new world order".