$1 billion AI company abandons San Francisco for Bay Area Peninsula

[@mikelee4847]

Replit is worth 1B just like elizabeth holmes is worth 4.5B

[@jaad9848]

Yup it sounds like a company trying to overinflate its valuation with an inferior Github Copilot

[@segalliongaming8925]

@@jaad9848That’s not how startup valuation works. Replit received $97.4M in a Series B funding recently. The funders asked for a percentage of the company, so the entire company is valued at what the funding is divided by the percentage of ownership.

[@sandiecalvert]

That was funny Thanks

[@chowfun1976]

But does Replit’s CEO speak with a phony baritone voice too?

[@lateblossom]

🤣

[@yecombinator]

replit is an ai company is like saying home depot is a construction company. they're not making any money

[@deuce5243]

It’s a startup. Most startups don’t make money.

[@churblefurbles]

@@deuce5243 but this is one with no competitive advantages at all.

[@jaad9848]

@@deuce5243 But not all startups are overvalued.

[@silentmajority8365]

Nobody making money under Biden exceot criminals

[@alihakimi1707]

Delusional people not accepting the bad policies have consequences

[@silentmajority8365]

Democrats

[@alihakimi1707]

Who is “us” and don’t you realize you are commenting on a tech company page using a tech company device while having a profile via a tech company email account? You’re a 🤡

[@silentmajority8365]

​ @MimiVerbana Eventually there won't be a tax base The rich never pay more and we have millions using and not paying Between illegals homeless and gangs California is losing money

[@AP-hj6vm]

All companies are leaving SF, not just this one AI company 😂

[@deuce5243]

And moving to the South Bay 😂

[@violent_bebop9687]

They voted for this, they own it. Utopia alright.

[@WELVAS.]

All? Learn the definition of all. Some are moving, sure, but not all

[@blanco-sanchez450]

@@violent_bebop9687 I think it’s just a reflection of changing economic conditions. Interest rates are high so businesses are looking for ways to cut costs. Commercial rental space is probably among the larger overhead cost so you leave SF which has a reputation for high rents. Plus remote work makes large office space unnecessary and, because workers WANT to work from home, salaries can be negotiated lower. It’s just smart management.

[@Dr_KW]

The rent of the commercial properties in the bay is insane given how many vacant properties there are.

[@blanco-sanchez450]

@@Dr_KW and unnecessary with remote work as an option now. High interest rates are forcing these businesses to adapt and lean up.

[@johnf8877]

London Breed is falling down, falling down, falling down…..

[@NikkiRowCoxx]

And so are the supporters of the far left.

[@Lp0tr33]

Why do they keep showing Salesforce tower? Does anyone know where this company was even located?

[@ScreenTalker]

No one wants to work in SF proper. Housing is overpriced, commute is a nightmare. I still don’t understand why corporations choose to be there

[@rainbow1021]

Crime, traffic, homelessness probably killing San Francisco.

[@KB32000]

There has always been those aspects in major downtown cities and business districts all over the country right so what’s so different now?

[@gnaflethegarthok3074]

SF is the new Detroit.

[@erikaleon9250]

Bullshite, this companies will go wherever it’s convenient for them

[@Dwn2Race]

Don’t worry…. Mayor Breed will recommend more soccer fields and pandas….

[@San_Francisco_Downtown_Watcher]

San Francisco is too dangerous to people to commute

[@Parkside29]

No, it is not. Stop watching FOX news, it will improve your mental health.

[@_ac_7649]

AI doesn't like al fresco street toilets

[@AKAAAK]

Really a no-brainer why any business needs to be and stay in SF. High costs, crime, homeless, drugs are all good reasons to leave. AI company can survive anywhere, doesn't need to be in SF.

[@youdontsay2529]

SF is well on its way to becoming Detroit.

[@ekhks]

for the city to recover, they have to get rid of the mayor. If I was a company and want cheap lease for long term, I would go into sf now, make a push for the candidate that is running against the current mayor.

[@violent_bebop9687]

You are delusional if you think it's the mayor that voted for 1) sanctuary city 2) blm 3 defund the police YOU voted for this, YOU

[@casnimot]

If they're still anywhere in the Bay Area, they've learned nothing and that's about what they're likely to be worth.

[@moon3173]

many stupid startups could get nonesense valuation to get to $1bn. these startups are all bleeding cash like flushing toilet. is that of any significance

[@Victor-it6bv]

AI is too smart to stay in SF.

[@HeyUncleA]

“Abandons” …😭. Nobody can leave the bay without abandoning it I guess. The bay isn’t the same as in the 80’s-2010’s. It just doesn’t have the same energy and people. The soul is gone.

[@Bojax-y3z]

Stop lying.

[@yayarea2415]

No modern place is the same as the 80s unless you’re out in the sticks with nothing to do.

[@Yoyoy08]

LOL SF NOW LOWER THE TAXES AND PRICES

[@rr4298]

AI confirms global warming and rising sea levels . AI just moved its biggest operation to Foster City built on landfill with huge risk of rising sea’s.

[@jaad9848]

LOL this news. They literally moved from 1 stop on the BART to another.

[@richatlarge462]

"the" 😅

[@churblefurbles]

Its a chatbot with no competitive advantage.

[@raulingaverage]

Foster City? Loooool

[@Simply418]

When I hear foster city, I think Visa and Gilead.

[@SfKitty]

We need the mall / downtown area back not stupid Ai!

[@Lp0tr33]

I think they mean pesos.

[@buddhistpunksf]

Breed is a hotmess express

[@kanank13]

The whole US is a cesspool.

[@missynorris2055]

The "consultant' hogwash was strong in this news story. If only SF had a downtown railway station....

[@CristinadelaFuenteBSNRN]

SF obviously let itself go.

[@sfrentals4769]

Maybe he prefers foster city for the culture.

[@vndragonslayer1]

sf is dead, no retail scene, car break in scene, needles scene, feces scene.

[@Parkside29]

Stop watching FOX news, it will improve your mental health. SF grew in population and has 840k residents. So it is not dead.

[@UnitedCorporationsOfAmerica]

The techies abandon the city they helped ruin. This is SOP for Big Tech.

[@tigerbalmespresso]

I was driving down Van Ness this afternoon, and it was looking rough. A guy was walking down the sidewalk talking to someone who wasn't there. Then I witnessed a guy set up camp on the "On Ramp" of the freeway. Wow

[@niosanfrancisco]

I left my heart (shoes) in san francisco

[@deuce5243]

Get ready for the housing market to boom

[@RajDeelish]

Yes! I'll be ready in 2036.

[@Lp0tr33]

All the houses in FC are already over 1.5million.

[@scottmic3556]

even AI is smart enough to LEAVE San Fran

[@AM-qu6vu]

Tech dorks should be forced to live and work in the conditions they created

[@Thomas23-tu8gj]

Congrats. You get today's prize for most ignorant comment.

[@JC-rc3pr]

Wonderful, our leaders….

[@itweety21]

Recall London!

[@silentmajority8365]

But Biden says the economy is great lol

[@RacerX1971]

Yet, over 200 volunteers just cleaned up 😂😂

[@anthonyjones9868]

I took my money else where too. Thank you Gavin Newsome. We do not accept the disrespect.

[@RobustArid379]

AI is smart and said it’s too progressive and told the company to leave SF.

[@Seatonni]

Waiting to see protests against AI

[@lokesh303101]

San Francisco to Foster City. High Living Standards.

[@Bojax-y3z]

Divest SF

[@laeihbvaljefhbvalejfhbv]

More companies, more workers in the suburbs, where no housing is ever built! Get ready for prices to rocket again.

[@Zorn76]

Its a high ranking, homeless mess, in a fecal state

[@Heterogeneity]

Play capitalist games, win capitalist prizes. Not sure why anybody is expecting something like loyalty from a profit purpose company that exists... to make money? It's a cost-benefit analysis based on numbers. Ever since citizens united declared corporations are people it's like all the humans forgot corporations are not actually people.

[@apwkastmaster2096]

Dont blame them one bit. And you wonder why? 😂😂😂😂fools

[@managepay]

Thousands of AI companies? Really?

[@Seatonni]

AI should’ve never been invented

[@ericiancarr]

Foster City is about as dull and soul crushing as you can get. I hate having to go there for Costco. I think it's about lower rent/taxes

[@Lp0tr33]

FC is not that bad. They have a Farmers Market on Saturdays, Off the Grid Food Trucks on Wednesday, and sometimes free concerts on Fridays. And has one of the busiest pickleball courts in the bay area.

[@Thomas23-tu8gj]

I doubt that your assessment matters to the company.

[@kanank13]

title is a clickbait. whoel Bayare is filthy, SF is worse. Fostercity is filthy and stinky as well.

[@ISmokepotman]

London breed guys, london breed. FYI shes up for election, so remember to vote!

[@jamesbuisf]

Self advertising lol 😂

[@Ashley_FNU]

Who?

[@theTimHernandez]

no one cares

[@NikkiRowCoxx]

This is just the start. They will eventually move to Texas

[@ACJOSO]

SAn Fran is such a great city that everyone is packing up and leaving!

[@chiquita683]

Based

[@KB32000]

What does the city problems with moving ..lies you have parking you have bart .. you feed your employees your not a business loosing money due to crime your not a customer based business ..excuses

[@lenitypious6579]

Well homelessness and crime is tge best selling feature of San Francisco no offense 😂😂

[@giftedgreen2152]

Another business scared away by socialism.

[@j.t.5826]

So what's new. The city needs to get rid of all supervisors and the mayor..we have bad leaders and bad culture in SF.. Ahmed is not an expert. If one leaves they all start to leave. I wonder who they get paid by. We all know what's up w SF.

[@justinlucas]

Biden need to living in san francisco 😂

[@justinlucas]

With crime homeless people

[@boostedmaniac]

No one is looking to move to Oakland. 😂

[@Nerdstalker]

The criminally insane industrial complex has the upper hand in SF politics, general tech has long left SF for other states. This is SF's last chance to retain some semblance of tax payers or fall further into the one sided pit they have created.

[@mw-sl9vo]

sf is over. sad but its the new reality.

[@frankmacleod2565]

I'd like to comingle with Marlene there

[@robertbranco1126]

Many will follow .. SF keep voting Democratic and defund the police the shitty by the bay 😂

[@ACJOSO]

ALL OF MY COMMENTS ARE BEING DELETED. AGAIN

[@jannyzhingaz9562]

this news will send One London Breed on a shopping spree this time for a vintage & gluten free Unicorn

[@michaelwells7348]

~ They will Ultimately Fail.... all the REAL TALENT is up in the City....