View the San Francisco for Sunday, March 17, 2024
San Francisco is likely to see something this week that neither it nor the Bay Area has seen in six months — an initial public offering by a local tech company.
That pace quickened in 2021, with about three San Francisco startups going public every two months and almost five per month across the region. When the market started to fall in late 2021 amid rising interest rates, soaring inflation, geopolitical instability with the impending Russian invasion of Ukraine and fears of a recession, many of those newly public companies saw their stock prices get crushed.
“Investors don’t forget that,” DeClark said. “They know how much pain they were inflicted trying to get out of those positions.” Things have become more favorable for IPOs in recent months. The major stock indices have all rebounded from their 2022 lows. Inflation is down. Interest rates have moderated. Unemployment is still low. There are few fears of an imminent recession. And many startups have taken so-called down rounds in the private markets, agreeing to accept reductions in their valuations in exchange for new infusions of cash.
San Francisco’s business taxes are determined in part by companies’ payroll expenses, including exercised stock options. If a greater share of their payrolls are in The City, thanks to successful IPOs that spur options exercises, they’ll pay more taxes. Indeed, if not for the recent boom in artificial intelligence and the demand it’s created for unique content like that found in Reddit’s forums for training its language models, the company might not be going public at all, said Robert Hendershott, an assistant professor of finance at Santa Clara University.
But during Ramadan, it transforms into a community hub, providing a sense of home and belonging for The City’s Muslims. “I try not to spend all of Ramadan in the Bay Area,” said Noha Noweir, a consultant who said she has experienced the loneliness of observing the holy month away from home. Over the past five years, she said, she’s spent only two Ramadans in San Francisco and three with loved ones in Atlanta and Egypt., with waits extending up to an hour. While the restaurant typically closes at 2 p.m.
“We don’t always have our families with us,” she said. “It can be lonely, so it’s good to have those opportunities to meet people from our community.”Patrons sit for a meal at Cracked & Battered in Potrero Hill, a San Francisco brunch staple that doubles as a community hub for The City’s Muslims during Ramadan. The restaurant offers a space to share the predawn meal consumed before fasting begins.
“I’ve told my dad let’s not do it anymore, but he always pushes back,” Ayah said. “He’ll always tell me it’s not about the money. He just wants to be there for Muslims.”“America is a melting pot of culture. How come our culture isn’t here?” he said. “We can’t live in America and not exist. This is good for our children in the future and who we are, and America is welcoming of that.
“While providing distance learning, our district worked hard to make sure students and families had sufficient technology access and while we continue to use technology platforms for learning, we have infused greater relationship and community building into our in-person learning practices,” she said.
“We are trained to do this job for years,” she said. “Never have any of us been trained to do this job from within our student’s home or within ours.” “We were working with so many families during that time, who were in Wi-Fi dead zones, and they would have to drive them to places just to access Wi-Fi,” said Meredith Dodson, anotherDodson and others still approve of San Francisco’s decision to close earlier than many other parts of the country, but they said they felt that schools took too long to return. They argued it widened gaps for lower-income and disadvantaged students.
Gandhi advocated for the reopening of schools early on, and she said that the effects are now apparent across the board. “Some of these kids might be ready socially and emotionally, but are they ready academically to go on to the next grade?” Robinson asked, acknowledging that repeating grades is a “controversial” option.Dolores Huerta Elementary School teacher Tom Anderson — seen with his wife, Lisa Chen, and their two children, Kai 7, and Sasha, 5 — said SFUSD must “meet students where they’re at” in the wake of pandemic-era learning loss.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Latest San Francisco & Peninsula news and headlinesGet the latest San Francisco & Peninsula news and headlines from KPIX-TV CBS San Francisco.
Read more »
Salesforce Tower Cameras - CBS San FranciscoView the Salesforce Tower Cameras from KPIX-TV CBS San Francisco.
Read more »
Page A1View the San Francisco for Wednesday, March 13, 2024
Read more »
Photos: California's Coastline Under Siege by Atmospheric RiverHeavy winds and rain battered cities from San Francisco to San Diego.
Read more »
Huge crowds come out for San Francisco's Tulip DaySan Francisco’s Tulip Day saw huge turnout in Union Square Saturday, as people lined up to see and pick a display of over 80,000 tulips that celebrated spring…
Read more »
Tulip Day 2024: festival brings hope for San Francisco Union Square's economic recoveryThe beauty was a jaw-dropping rainbow of 80,000 tulips stretching across Union Square, free for the picking. City officials hope the Tulip Day celebration could help the struggling shopping district blossom again.
Read more »