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Tech Crunch reports:
PayPal is shuttering its San Francisco office as it evaluates its global office footprint.
There's more:
An individual who commented on a post on the topic on the anonymous professional network, Blind, speculated that the reason behind the move could be San Francisco’s Prop C, which levied a tax upon any San Francisco business that earns more than $50 million in gross receipts. Proceeds are to be directed toward housing and services in an attempt to address the city’s challenges with homelessness.
Imagine that.