California voters rejected Proposition 40, the one-time 5% tax on billionaires, the AP reported Monday. Tech leaders outspent backers roughly 10 to 1 to defeat it, and the founders and economists TechCrunch interviewed before the vote were split on whether it would have driven out wealthy residents or just trimmed their fortunes.
More in Startups
Ring, known for its doorbell cameras, launches a home security drone and an enterprise security robot
November 10, 2026
Cyberattacks threaten to make open-source AI a little less open, Hugging Face exec warns
November 10, 2026
Otter AI can now follow conversations across 30+ languages
November 10, 2026
Jensen Huang’s alleged honeypot scandal has inspired some top-notch memes
November 10, 2026
Anthropic reportedly plans to move forward with IPO plans
November 10, 2026
Jensen Huang reportedly engaged a PR firm with a history of handling high-profile sex scandals a year ago
November 9, 2026
Latest News
Why is India trying to broker a Russia-Ukraine Black Sea food corridor?
November 10, 2026
Hegseth impeachment: What is he accused of, and could he be removed?
November 10, 2026
Mongolia’s Iron Winter: A Race to Save an Ancient Tradition
November 10, 2026
Did humanity learn the right lessons from WWII?
November 10, 2026
How a Nigerian street food vendor built a life for herself and her family
November 10, 2026
What is Shahid Kaveh, the Iran cyberunit tied to France’s fridge hacking?
November 10, 2026