The great tech exodus: The Ethereum blockchain is the new San Francisco
Cointelegraph
Published May 09, 2021 10:53AM ET
Updated May 09, 2021 12:40PM ET
Remember the “Silicon Valley Tech Bubble”? In the early- to mid-2000s, the San Francisco Bay Area gave birth to some of the most storied and successful technology companies the world has ever seen. Facebook (NASDAQ:FB), Google (NASDAQ:GOOGL), Salesforce (NYSE:CRM), Twitter, Tesla (NASDAQ:TSLA), Lyft (NASDAQ:LYFT) — the list itself could take up half of this article. From the palpable energy to the networking potential, one thing was certain: San Francisco was the place to be.
For many, present-day San Francisco has lost its allure. Across the city, the cost of living continues to surge. The remaining inhabitants are cobbling together money to afford the egregiously high rates and are constantly browsing Zillow to see where the grass is greener. Suffice it to say, San Francisco has become unlivable for the working class and is no longer suitable, much less ideal, for many new and existing companies. Although it gave us early tech platforms, the overcrowded, overpriced locale clings to its reputation and the memory of what it once offered.
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Written By: Cointelegraph
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