Protesters to gather outside Twitter on IPO day

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Those who stand to become instant millionaires from Twitter’s initial public offering might as well be worlds apart from a coalition of senior advocates, students, tenant organizers and union members planning to rally outside the tech company’s San Francisco headquarters on the day of the IPO.

Beginning at 6:30am on Nov. 7, when company shares will officially be open for trading on the New York Stock Exchange, the group will hold a press conference and rally to “call attention to corporate tax breaks and the tech company’s role in the San Francisco eviction crisis,” according to a media advisory.

At noon, the activists will stage a rally outside 1355 Market Street, where the company has its offices in a landmark Art Deco building.

The rally is being sponsored by a host of community-based organizations including Manilatown Heritage Foundation, Jobs With Justice, POOR Magazine, SEIU United Service Workers West and others.

“As Twitter readies to profit millions from its IPO and continues to benefit from tax breaks, people left behind – dealing with widespread evictions, cuts to vital services, diminished public transportation resources and underfunded schools and colleges will join together to ask Twitter: what is your public offering to the people of San Francsico?” The event announcement notes.

Among investors, Twitter’s highly anticipated IPO is a source of intrigue and speculation, with demand on the rise and the high end of its price range increased in response to a high level of interest.

Twitter’s presence in mid-Market has encouraged real estate developers to descend on the neighborhood surrounding the company headquarters, to entice tech company workers with nearby housing. According to a recent article in the New York Times, Miami developer Crescent Heights is building the area’s largest new residential high-rise right across the street:

“After Twitter announced it was moving to the area, the developer scrapped its original plans and tailored the apartments for the tech workers who would be employed nearby. Residents of NEMA, short for New Market, as the development is called, will have amenities like a saltwater pool, landscaped terraces, valet parking and dog-walking services.”

Yet the company’s presence has intensified a debate about the tech industry’s role in an ongoing housing affordability crisis that is rapidly changing the cultural feel of San Francisco. As the Guardian has recently reported, evictions in the mid-Market area coupled with higher-than-anticipated revenue losses from the city’s mid-market payroll tax break have led many to question whether the company’s presence has brought the benefit that was promised or just resulted in harm by driving displacement.

With a hint of irony, activists titled the media advisory about the Nov. 7 rally #ThrownOutByTwitter.

Comments

That's essentially what you're saying, anon. You're making baseless speculations about what I'd say if this and if that. But the point is, Twitter did NOT shut off the accounts of right-wing customers.They DID shut off the accounts of left wing customers. And you are NOT condemning it. What you accuse me of, is without any basis in reality, because that didn't happen. But what you accuse ME of doing in some hypothetical alternate universe, is exactly what YOU are doing right now.

Posted by Greg on Nov. 05, 2013 @ 2:31 pm

right-wing candidates, then you'd be as quiet as a mouse.

Otherwise, this is not in our jurisdiction so it's moot.

Posted by anon on Nov. 05, 2013 @ 2:57 pm

So fuck off. I, on the other hand, know exactly how you'd act, because you're doing it right now.

As for "jurisdiction"... speak for yourself. You may be dialing it in from the East Coast, but Twitter is here in the town where I live.

Posted by Greg on Nov. 05, 2013 @ 3:08 pm

this is simply a barricade against trolls

it is a signpost to indicate to the reader that other anonymous posters on this thread are beginning to purposely diminish the conversation into repetitive deceptions, reactionary hyperbole, and/or petty, mean spirited personal attacks and irrelevant bickering

the barrier is put in place to signal that there is probably little point in reading more replies in the thread past this point

proceed at your own risk

Posted by ikdf on Nov. 05, 2013 @ 9:40 am

you're going to blame Twitter for underfunded schools and colleges in SF? Newsflash: they were underfunded way before Twitter got here.

What "vital services" were cut as a result of Twitter staying in SF?

What makes Twitter's investors money poison the polictical system any more than any other money that poisons, say the teacher's union or SEIU??

I think this Twitter rage is misplaced, and the SFBG and their progressive allies are missing out on a huge opportunity to grow their base by the constant bashing of young, educated newcomers to SF.

Posted by guest on Nov. 05, 2013 @ 9:00 am

or had quite simply never existed. How would SF have benefited financially from absence?

This is little more than the usual SFBG "bash the successful" whinefest.

Posted by Guest on Nov. 05, 2013 @ 9:24 am

this is simply a barricade against trolls

it is a signpost to indicate to the reader that other anonymous posters on this thread are beginning to purposely diminish the conversation into repetitive deceptions, reactionary hyperbole, and/or petty, mean spirited personal attacks and irrelevant bickering

the barrier is put in place to signal that there is probably little point in reading more replies in the thread past this point

proceed at your own risk

Posted by ikd on Nov. 05, 2013 @ 9:41 am

idiotic priorities that predates them being in the city!!!!!!!!!!

Posted by Matlock on Nov. 05, 2013 @ 7:26 pm

I went to their HQ at 8:30 AM and all I saw was cops and private security guards. The security was mad dogging me, so I took a picture of them and posted it to Twitter. I thought that was funny. But nothing else was going on. Guess I didn't get up early enough.

Posted by GlenParkDaddy on Nov. 07, 2013 @ 3:35 pm

protesters there. Americans really don't do protests compared with other countries.

Twitter popped from $26 to $46 a share. Can you stand it?

Posted by Guest on Nov. 07, 2013 @ 3:58 pm

parties tonight.

Tips should be good for them . . .

Posted by anon on Nov. 07, 2013 @ 4:41 pm

Who the fuck cares about Twitter, other than a few greedy people and their hacks!

search engine:

Twitter IPO: Why the Rest of America Doesn’t Care

Excerpt from article:

"But outside of Wall Street and Silicon Valley, it’s hard to get excited about the Twitter IPO. And few people do.

But it’s not just that Twitter is small and unprofitable. The truth is that few people here in the States actually use the thing. The social network remains a niche product, beloved by journalists, celebrities, and a hard core of miscellaneous obsessive users — but few others."

Posted by Guest on Nov. 07, 2013 @ 7:13 pm

Seriously, I'm unclear on the concept of Twitter.

Posted by marcos on Nov. 07, 2013 @ 8:00 pm

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