technology ·
Tech leaders praise Sergey Brin after $425m opposition campaign in California
Tech giants seemingly deployed a familiar strategy to counter a tax on billionaire wealth, raising $425 million.
California experienced its most costly opposition campaign ever, with political fundraising hitting record levels during the US midterms.
As voting concluded on election day, members of the technology sector started publicly commending Sergey Brin, the co-founder of Google, across social media platforms.
Garry Tan, the CEO of Y Combinator, shared a note stating, “Huge thanks to Sergey Brin here.”
Venture capitalist Ilya Sukhar posted a message reading, “God bless Sergey Brin.”
Furthermore, David Marcus, who is a crypto entrepreneur, offered a concise tribute: “Hero.”
Why it matters
This highlights the significant financial influence major tech figures wield in political outcomes. The effort to oppose wealth taxes signals ongoing debates over economic policy and capital gains in the tech sector.
