Today is Twitter’s IPO.
There are things that do not get tweeted: neighborhoods are being transformed and not for the benefit of the majority of San Franciscans. Average rents for a one bedroom apartment in the city have eclipsed $3,000 and long term residents—many of whom are seniors and people with disabilities—are very vulnerable to eviction via the Ellis Act by landlords who want to cash in on much of the tech money flooding the city.
With Twitter alone, the City is losing about $56 million of revenue dollars (doubled to what the City projected in 2011). This does NOT include SF tax payers actual spending on the Twitter new express bus route, the 83X, which was added by the MTA and the increase police foot traffic around their building. Twitter was also exempted from the ballot initiative that requires businesses be taxed on their total gross receipts rather than payroll. With widespread evictions, vital social services that are underfunded, or in a constant threat of being cut, and the crisis at City College of San Francisco and the transportation needs of the city including increase fares to existing San Franciscans — the community at large asks Twitter and the other tech companies: What is your public offering to the people of San Francisco?
Sponsored by: Senior and Disability Action, South of Market Community Action Network (SOMCAN), Jobs With Justice, Bill Sorro Housing Program, POOR Magazine/Prensa POBRE, Gray Panthers, Manilatown Heritage Foundation, SEIU-United Service Workers West, Housing Rights Committee SF, SF residents and many more!