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Apple | Spotify | Stitcher | Amazon | Google Listen and follow ‘Hard Fork’On Sunday night, a crane arrived in downtown San Francisco to take down the Twitter sign from the company’s office building. The crane’s arrival marked the death of Twitter, the brand, and the start of X, Elon Musk’s everything app. Today, why Elon’s acquisition feels more and more like cultural vandalism and what, if anything, will replace the global town square. Then, is Sam Altman’s universal basic income cryptocurrency app Worldcoin an iris scanning tool to save humanity, or just another attempt to get rich on crypto? Plus: a trip to Google’s robotics lab, where artificial intelligence models are creating breakthroughs.

Persons: Elon, Sam Altman’s Organizations: Apple, Spotify, Twitter Locations: San Francisco

☆ Westfield owner bets on ad sales at its EU shopping malls
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +2 min

URW, which runs 78 shopping centres in 12 countries, launched its in-house retail media agency for Europe, Westfield Rise, in October last year to bring its advertising offerings under one banner. Westfield Rise contributed 19.6 million euros in net margin for the group over the first half of this year, up 14% compared to the first half of 2022, URW said on Thursday. The mall owner has 1,700 digital billboards in its shopping centres across Europe, and 170 dedicated spaces which it markets as offering brands "physical" contact with consumers. URW has been disposing of shopping centres in the U.S., including in downtown San Francisco where it expects a foreclosure of its Westfield mall near the troubled Tenderloin district. "The idea is really to reduce our exposure to the U.S., and to be a pan-European pure play," Tritant said.

Persons: URW, Jean, Marie Tritant, Tritant, Helen Reid, Alison Williams Organizations: Westfield, Rise, Thomson Locations: Westfield, Europe, United States, U.S, San Francisco, Tenderloin

Let's do this," tweeted Yaccarino, who also posted a picture of the logo projected onto the company's offices in San Francisco. loadingloadingBoth Yaccarino's and Musk's Twitter handles feature the X logo, although the Twitter blue bird is still visible across the platform. He also referred to the "interim X logo," and tweeted that "soon we shall bid adieu to the Twitter brand and, gradually, all the birds". In response to a tweet asking what will tweets be called under X, Musk replied "x's". loadingThe original Twitter logo was designed in 2012 by a team of three.

Persons: Carlos Barria STOCKHOLM, Elon Musk, Linda Yaccarino, Yaccarino, Musk, adieu, Martin Grasser, Matt Rhodes, Drew Benvie, Battenhall, Supantha Mukherjee, Martin Coulter, Aiden Nulty, Bharat Govind Gautam, Barbara Lewis Organizations: REUTERS, Twitter, PayPal, NBCUniversal, SpaceX, Thomson Locations: San Francisco , California, U.S, San Francisco, Elon Musk's, Stockholm, London, Bengaluru

In the past few months, the technology has made ads easier to generate and track. It is writing marketing emails with subject lines and delivery times tailored to specific subscribers. Much has been made about the technology’s potential to limit the need for human workers in fields such as law and financial services. The conflicting attitudes suffused a co-working space in downtown San Francisco where more than 200 people gathered last week for an “A.I. Copywriters expressed worry and skepticism about chatbots capable of writing ad campaigns, while start-up founders pitched A.I.

Persons: Heinz, ” A.I, Copywriters Locations: San Francisco

Unlike past tech booms that have touched San Francisco, the generative AI craze brings fewer jobs, because AI firms excel at staying lean and automating work. "I think we should curb our optimism that San Francisco commercial real estate will bounce back because of AI," said Silicon Valley investor Jeremiah Owyang. Eleven of the country's top 20 AI companies are in San Francisco and have raised $15.7 billion collectively between 2008 and 2023. That amount is just 2.3% of the estimated 150,000 daily workers that downtown San Francisco lost during the pandemic. Reporting by Anna Tong in San Francisco; Editing by Sayantani Ghosh, Anna Driver and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Carlos Barria, San, Jeremiah Owyang, Erin Price, Wright, OpenAI, Matt Schlicht, Mike Grabowski, Grabowski, Owyang, Lee Edwards, Daron Acemoglu, Anna Tong, Sayantani Ghosh, Anna Driver, Matthew Lewis Organizations: Intelligence, REUTERS, FRANCISCO, Reuters, Francisco, San Francisco Mayor London Breed's, San, Microsoft, Octane, Google, Nordstrom, Massachusetts Institute of Technology, Thomson Locations: San Francisco, California, U.S, Valley, NFX, Dubai

☆ Remote work could wipe out $800 billion from office buildings' value by 2030 — with San Francisco facing a 'dire outlook,' McKinsey predicts
▼ + stars: | 2023-07-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

And San Francisco faces a "dire outlook" — with a potential 38% fall in demand in a severe scenario. The cities include San Francisco, London, New York, Houston, Paris, Munich, Tokyo, Beijing, and Shanghai. The consulting giant found that, in most of these cities, demand in 2030 will still be lower than it was in 2019, before the pandemic. The $800 billion figure is based on an average 26% decline in the value of the cities' office space across that time period. McKinsey's model predicts a "dire outlook" for San Francisco.

Persons: It's, Elon Musk, Twitter Organizations: McKinsey, Service, Downtown Locations: Francisco, Wall, Silicon, Europe, Asia, San Francisco, London , New York, Houston, Paris, Munich, Tokyo, Beijing, Shanghai, Downtown San Francisco

☆ Barry's CEO went from joining the gym to running the business in 11 years: I 'never expect to know what's next'
▼ + stars: | 2023-07-12 | by ( Chris Dilella | ) www.cnbc.com time to read: +10 min

In 2004, at the age of 26, Gonzalez took his first Barry's Bootcamp class in West Hollywood. "I had someone that I was dating at the time kind of challenged me to take a class," Gonzalez recalls. In 1998, entrepreneur Barry Jay established the inaugural Barry's Bootcamp in West Hollywood. And that was really how I like cut my teeth and got, you know, even more obsessed with the business," Gonzalez says. Joey Gonzalez Barry's CEOAfter North Castle Partners invested and named him CEO in 2015, Gonzalez started to build a strong leadership team.

Persons: Joey Gonzalez, Little, Gonzalez, Barry Jay, Barry's, Jonathan, Francesca, Jake, I've, What's Organizations: Entertainment, Barry's, Big Apple, North Castle Partners, Harvard Business School Locations: —, Los Angeles, West Hollywood, New York City, Cuban, Italian, Chicago, Instagram, COVID, Austin, Denver, New York, LA, Frankfurt, Berlin, Copenhagen, San Francisco

☆ I got chauffeured in a $500,000 Rolls-Royce and saw firsthand how nice life is for the .1%
▼ + stars: | 2023-07-12 | by ( Tim Levin | ) www.businessinsider.com time to read: +6 min

I got driven in the Rolls-Royce Cullinan SUV and Ghost sedan. The Rolls-Royce Cullinan starts at around $400,000. Getting whisked to my destination in a $500,000 Rolls-Royce Cullinan SUV provided an even fuller picture of the good life — and disproved once and for all the notion that you can't get any happier after making $75,000 per year. The Rolls-Royce Cullinan's headrest had trim that matched the cabin's blue theme. The Rolls-Royce Ghost is little sibling of the Phantom.

Persons: Royce Cullinan, Royce, I'd, Tim Levin, Royce Cullinan's, Cullinan, Royce Cullinan's headrest Organizations: Royce, SFO, BMW, TSA Locations: New York, San Francisco, Napa, Nobu, Riding, steerage

SAN FRANCISCO, July 8 (Reuters) - Venture capital firm Headline used to be in one of San Francisco's most eye-catching skyscrapers: the pyramidal Transamerica building that has defined the skyline for decades. Venture capital firms are increasingly joining retailers and other businesses in finding homes outside downtown San Francisco. [1/5]People enjoy the afternoon in Presidio, a former military base-turned-national park in San Francisco California, U.S., July 7, 2023. They're actually really excited," said Eurie Kim, whose venture firm Forerunner left downtown for the Presidio in early 2022. "Mayor Breed continues to implement strategic initiatives to help stabilize existing businesses and recruit new ones as part of her Roadmap to Downtown San Francisco's Future plan.

Persons: Mathias Schilling, Schilling, Rex Salisbury, Carlos Barria, They're, Eurie Kim, CBRE, Lisa Petrie, Jon Rehagen, Molly Martell, San Francisco Mayor London Breed, Breed, Colin Yasukochi, Krystal Hu, Peter Henderson, Rosalba O'Brien Organizations: FRANCISCO, Venture, Employees, Presidio, Westfield, San, Felicis Ventures, Forerunner Ventures, Letterman, Cambrian Venture, San Francisco Bay Area, REUTERS, Presidio Trust, Lucasfilm, Walt Disney Family Museum, Catalyst, Brand, San Francisco Mayor London, Downtown San, CBRE's Tech, Thomson Locations: San Francisco, Presidio, San Francisco Bay, San Francisco's, There's, Sand, Silicon Valley, South, downtown San Francisco, San Francisco California, U.S, Marin, San Francisco ., South Park, Downtown

That would leave Nintendo (7974.T) and Sony Group (6758.T) out in the cold, the FTC has said. Asked if Microsoft would have any incentive to shut out Sony's PlayStation in order to sell more Microsoft Xbox consoles, Nadella responded: "It makes no economic sense and no strategic sense." To address the FTC concerns, Microsoft has agreed to license "Call of Duty" to rivals. The FTC has asked Judge Jacqueline Scott Corley in San Francisco to temporarily stop the deal from closing in order to allow the agency's in-house judge to decide the case. Resolving the U.S. lawsuit is one of several key antitrust battles Microsoft and Activision have fought around the world.

Persons: Microsoft Corporation Satya Nadella, Read, Satya Nadella, Nadella, Jacqueline Scott Corley, Biden, Bobby Kotick, Diane Bartz, Lincoln Organizations: Microsoft Corporation, . Federal Trade Commission, Microsoft, Activision Blizzard, Federal Trade Commission, Activision, Nintendo, Sony Group, FTC, PlayStation, European Union, Thomson Locations: California, Downtown San Francisco , California, U.S, WASHINGTON, San Francisco

The deal had been announced in January 2022 and the FTC sued to stop it in December last year. Judge Jacqueline Scott Corley in San Francisco pressed FTC lawyers on where their economist got the data to show the deal would harm consumers. The FTC has said that if Microsoft bought Activision, Microsoft would have the incentive and the ability to harm competition in markets related to consoles, subscription game services and cloud gaming. "The harm here is we think is substantial in locking up Activision content," said FTC lawyer James Weingarten. To address the FTC concerns, Microsoft has agreed to license "Call of Duty" to rivals.

Persons: Microsoft Corporation Satya Nadella, Read, Microsoft's, Jacqueline Scott Corley, James Weingarten, Corley, Microsoft's Beth Wilkinson, it's, Satya Nadella, Nadella, Biden, Diane Bartz, Lincoln Organizations: Microsoft Corporation, . Federal Trade Commission, Microsoft, Activision Blizzard, U.S . Federal Trade, Activision, Federal Trade Commission, Nintendo, Sony Group, FTC, PlayStation, Thomson Locations: California, Downtown San Francisco , California, U.S, WASHINGTON, San Francisco, British, Canada

The Federal Trade Commission has asked a judge to stop the proposed acquisition because, it argues, it would give Microsoft, maker of the Xbox console, exclusive access to Activision games, which include the highly popular "Call of Duty." Asked if Microsoft would have any incentive to refuse to allow the games on Sony's PlayStation in order to sell more of its Xbox consoles, Nadella responded, "It makes no economic sense and no strategic sense." To address the FTC concerns, Microsoft has agreed to license the blockbuster "Call of Duty" to rivals. It has also argued that it is better off financially by licensing the games to all comers. Kotick argued there was no incentive for Microsoft, if it closes the deal for Activision, to restrict who offers the company's games.

Persons: Microsoft Corporation Satya Nadella, Satya Nadella, Nadella, Jacqueline Scott Corley, Biden, Bobby Kotick, Kotick, Diane Bartz, Greg Bensinger, Matthew Lewis Organizations: Microsoft Corporation, . Federal Trade Commission, Microsoft, Activision Blizzard, FRANCISCO, Activision, Federal Trade Commission, Nintendo, Sony Group, FTC, PlayStation, Britain's, Markets Authority, Thomson Locations: California, Downtown San Francisco , California, U.S, WASHINGTON, San Francisco, United States, Washington

☆ The Uneven Effect of Remote Work, in One List
▼ + stars: | 2023-06-26 | by ( Emily Badger | ) www.nytimes.com time to read: +1 min

The list also helps explain why the pandemic has left more lasting scars in some parts of the country — and in certain downtowns — than others. In some cities, the economy is much more heavily skewed toward occupations at the top of the list. And downtown San Francisco and Washington have remained particularly hobbled by the pandemic (San Jose has less of a downtown to speak of). The distinction isn’t just about which places have more white-collar workers. Even certain kinds of white-collar work (say, computer programming) are more likely to be remote than others (civil engineering).

Organizations: Survey Locations: San Jose, San Francisco, Washington, Jose

☆ San Francisco mayor proposes tearing down Westfield Mall
▼ + stars: | 2023-06-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —San Francisco’s mayor Thursday proposed remaking the city’s struggling downtown by tearing down abandoned retail space, including the city’s Westfield mall, and building new structures to reshape the struggling city. A Westfield Mall could become something completely different than what it currently is,” she said. Earlier this month, Westfield said it planned to surrender its mall, the San Francisco Centre, back to its lender. The mall operator cited the “challenging operating conditions in downtown San Francisco, which have led to declines in sales, occupancy and foot traffic.”Shoppers walk through the Westfield San Francisco Centre on April 13, 2022 in San Francisco, California. So, let’s make some adjustments to do everything we can to reimagine what parts of San Francisco can be,” Breed said.

Persons: London Breed, Breed’s, it’s, Breed, ”, Justin Sullivan, ” Breed Organizations: CNN, Westfield, ”, London, Bloomberg’s Technology, San Francisco Centre, Westfield San Francisco Centre, Resorts, Hilton San Francisco, Square, San Francisco, San Locations: Francisco’s, San Francisco, San Francisco , California, city’s, ”

☆ Empty offices, abandoned malls, concerns over crime: Why San Francisco, the Golden City, is losing its luster
▼ + stars: | 2023-06-17 | by ( Al Yoon | ) www.businessinsider.com time to read: +8 min

Days later, Unibail-Rodamco-Westfield and coowner Brookfield gave the San Francisco City Centre back to their lenders after the exit of retailers left the mall just over half occupied. Whatever is going on in San Francisco, we are not interested in being part of that any longer." Fear of crime taints the cityCrime, or the fear of it, often creeps into conversations about San Francisco, too. "I ask, what's the driver" of the San Francisco office vacancies, Scavone told Insider. He continued: "Is it because downtown San Francisco is somewhat of a difficult commute from suburbs in Marin County or the East Bay?"

Persons: Manus Clancy, Trepp, —, Brookfield, Clancy, Salesforce, Jeff Burg, he's, Burg, we're, Thomas Baltimore, hasn't, Elon Musk, Bob Lee, Frank Scavone, Scavone Organizations: Service, San Francisco, California, Hilton San Francisco, Square, Parc, San Francisco City Centre, San, Krea, Union, Census, LinkedIn, Park Hotels, Resorts, Westfield, ABC, San Francisco Travel Association, Elon, Foods, The New York Times, McKinsey & Co, downtown Locations: San Francisco, San, San Francisco Chronicle, Westfield, Real, Francisco, New York, cubicles, Boston , Chicago, Houston, Miami, San Francisco's Hayes Valley, Manhattan, Tenderloin, —, downtown San Francisco, Marin County

☆ AT&T to shut flagship store in downtown San Francisco
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

June 16 (Reuters) - U.S. wireless carrier AT&T (T.N) said on Friday it would close its flagship store in downtown San Francisco, deepening the real estate pain in the once-booming tech hub that has been particularly hard hit by the pandemic. Stores in San Francisco have been closing their doors as they try to cut down on real estate space in the face of declining customer visits, occupancy and sales. Earlier this week, Unibail-Rodamco-Westfield (URW.PA) said it would transfer its Westfield San Francisco shopping mall to lenders. Nordstrom (JWN.N) said last month it was going to give up its downtown store in the mall. Real estate investment trust Park Hotels & Resorts (PK.N) had also said last week it ceased making payments toward a $725 million mortgage linked to its Hilton San Francisco Union Square and Parc 55 hotels.

Persons: Powell, Samrhitha, Krishna Chandra Organizations: AT, Westfield San, Nordstrom, Resorts, Hilton San Francisco, Square, Thomson Locations: San Francisco, Westfield, Westfield San Francisco, Bengaluru

☆ Cinemark is shutting its theater in San Francisco's biggest mall as the downtown exodus continues
▼ + stars: | 2023-06-15 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

The Cinemark in San Francisco's Westfield mall is closing due to "local business conditions." Major retailers have been pulling out of San Francisco, and many have attributed it to crime levels. The 52,000-square-foot site in the Westfield San Francisco Center will have its final screenings on Thursday, SFGATE reported. The operator announced the closure in an email to patrons on Wednesday, The San Francisco Examiner reported. The announcement came just days after The San Francisco Chronicle reported that Westfield had stopped paying its $558 million mortgage on the San Francisco mall – the city's biggest – and was surrendering it to lenders.

Persons: —, SFGATE, Cinemark, hasn't Organizations: Westfield, Service, Westfield San Francisco, San Francisco Examiner, San Francisco Centre, San Francisco Chronicle, San, Foods, Navy, Nordstrom, City, San Francisco Police Department, Census Bureau, Tourism Locations: San, Westfield, San Francisco, City and County, Florida, San Francisco's

Unibail-Rodamco-Westfield (URW.PA) said late on Monday it will transfer its Westfield San Francisco shopping mall to lenders. The announcement followed Park Hotels & Resorts (PK.N) statement last week that it ceased making payments toward a $725 million mortgage linked to its Hilton San Francisco Union Square and Parc 55 hotels. Westfield's decision is the latest blow to San Francisco, the once-booming tech hub that has been particularly hard hit by the pandemic. The potential for difficulties from commercial real estate to flow through to banks is also becoming a bigger worry for investors and regulators. Warren Wachsberger, CEO of Aecom Capital, a real estate investor, said mall owners like Unibail-Rodamco-Westfield are focusing on their best properties.

Persons: Thomas LaSalvia, Warren Wachsberger, we're, Wachsberger, Granth, Shankar Ramakrishnan, Matt Tracy, Sriraj Kalluvila, Alexandra Hudson Organizations: Westfield San, Resorts, Hilton San Francisco, Square, downtown, Real Estate Economics, Aecom, Westfield, U.S, Flagship, Nordstrom, Banana Republic, Washington DC, Alexandra Hudson Our, Thomson Locations: San Francisco, Westfield, Westfield San Francisco, downtown San Francisco, Bengaluru, New York, Washington

☆ San Francisco's downtown just entered a new phase of its crisis as the city's most prominent shopping mall goes bust
▼ + stars: | 2023-06-12 | by ( Alistair Barr | ) www.businessinsider.com time to read: +3 min

The Westfield mall used to be the beating retail heart of San Francisco. Westfield stopped paying the mortgage on this shopping mall, the San Francisco Chronicle reported. For teachers, nurses and a host of other workers in San Francisco, it's become really hard in recent years. One of the biggest fissures so far was reported by the San Francisco Chronicle on Monday. In a nutshell, there are just not enough people living and working in downtown San Francisco anymore.

Persons: —, it's, Roland Li Organizations: Westfield, San Francisco Chronicle, Service, San Francisco, Nordstrom Locations: San Francisco

☆ Westfield giving up San Francisco mall amid falling foot traffic
▼ + stars: | 2023-06-12 | by ( Samantha Delouya | ) edition.cnn.com time to read: +2 min

CNN —Shopping mall operator Westfield said it plans to give up control of the San Francisco Centre mall after more than 20 years of operation in another sign of San Francisco’s economic struggles. Last month, a Westfield spokesperson attributed Nordstrom’s closing to “unsafe conditions for customers, retailers, and employees.”Once a bustling retail center in the heart of San Francisco, the San Francisco Centre has taken a significant hit in the past few years. Three years later, corporate America has yet to return in the same numbers: office vacancies in San Francisco have reached a 30-year high. According to a tally from the San Francisco Standard, twenty retailers near San Francisco’s Union Square have closed their doors since 2020. Westfield said it has already begun transferring management of the San Francisco Centre back to its lender, which will appoint a receiver to operate the property going forward.

Persons: Thomas Baltimore , Jr Organizations: CNN, Westfield, San Francisco Centre, Nordstrom, San Francisco, San, Resorts, Hilton San Francisco, Square Locations: San Francisco, Banana, Westfield, Westfield’s, America, San Francisco’s Union, Baltimore

☆ Third Point Real Estate's managing partner said it's 'a foolish debate' to say the office market will fail
▼ + stars: | 2023-06-11 | by ( Al Yoon | ) www.businessinsider.com time to read: +9 min

Frank Scavone, managing partner of Third Point Real Estate Strategies, said offices aren't dead. Frank Scavone, the managing partner of Third Point Real Estate Strategies, told Insider he's up for the challenge. But are there opportunities now for investors like Third Point Real Estate Strategies? What's going to happen with all the commercial real estate debt coming due in this higher interest rate environment? And let's not forget about the more than $300 billion in dry powder aimed at North American commercial real estate investment.

Persons: Frank Scavone, Scavone, Daniel Loeb's, —, Trepp, CBRE, That's, San Francisco — Organizations: Service, Third Point, Hedge, CBRE, downtown, Employers, North Locations: San Francisco, downtown San Francisco, Marin County, York, multifamily, New York City

☆ Hotelier Writes Off San Francisco, Citing ‘Major Challenges’
▼ + stars: | 2023-06-06 | by ( Lauren Hirsch | ) www.nytimes.com time to read: +1 min

Park Hotels & Resorts, the operator of two of the most prominent hotels in San Francisco, is handing in the keys on the properties — and, in essence, giving up on a city that has fallen on hard times. Park Hotel stopped making payments on a $725 million loan tied to the Hilton Union Square and Parc 55, the real estate investment trust said on Monday. A slowing economy and a remote-work thunderclap have emptied offices across the country, with some warning of a ticking bomb in the commercial real estate market. Slammed by a wave of layoffs in the tech industry and a steep slowdown in Moscone’s conference calendar, downtown San Francisco has been hit hard. “Now more than ever, we believe San Francisco’s path to recovery remains clouded and elongated by major challenges” that will reduce demand for business and leisure travel, said Thomas J. Baltimore Jr., the chief executive of Park Hotels & Resorts.

Persons: ”, Thomas J Organizations: Resorts, Hilton Union Square, Moscone Center, Baltimore Jr, Park Hotels Locations: San Francisco

☆ San Francisco Hilton investor will stop making loan payments
▼ + stars: | 2023-06-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Downtown San Francisco has been dealt another blow after an investor in one of its largest hotels said it would stop paying its loans. An investor presentation from Park reveals that San Francisco accounted for 16% of its business in 2019, then fell to just 3% over the past 12 months following the pandemic. The San Francisco Hotel Council told CNN affiliate KGO-TV that it’s “not uncommon for hotel ownership to change” and it expects the hotel will find new owners. Property crimes in San Francisco have garnered national attention because of several attention-grabbing videos of thieves in action. Meanwhile, violent crime statistics in San Francisco have remained relatively steady in recent years.

Persons: Thomas Baltimore , Jr, ”, It’s, Nordstrom Organizations: New, New York CNN, Downtown, Park, Resorts, Hilton San Francisco, Square, Marriott, Hyatt, San Francisco, San Francisco Hotel Council, CNN, KGO, San Francisco Police Department Locations: New York, Downtown San Francisco, Francisco, San Francisco

☆ Store closures are hitting San Francisco as office vacancies and fears of crime are on the rise. Here's the full list of retailers pulling out of the city's downtown neighborhood.
▼ + stars: | 2023-05-27 | by ( Alex Bitter | Jordan Hart | ) www.businessinsider.com time to read: +3 min

Nineteen retailers have left San Francisco's Union Square area since 2020. The area has lost 17 retailers since 2020, The San Francisco Standard reported last month. Stores that have closed in downtown San Francisco over the last few years include:Most retailers haven't referenced crime specifically as their public rationale for closing. Unibail-Rodamco-Westfield, which owns the mall where Nordstrom is located, said that the department store's closure "underscores the deteriorating situation in downtown San Francisco," according to Bloomberg. Do you work in downtown San Francisco or have a story to share about store closures?

☆ Cash App founder Bob Lee's accused killer Nima Momeni just pleaded not guilty
▼ + stars: | 2023-05-18 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Nima Momeni pleaded not guilty to charges that he murdered Cash App founder Bob Lee, the San Francisco Chronicle reported. San Francisco prosecutors had charged Momeni after his arrest last month in Emeryville, California. Tech consultant Nima Momeni pleaded not guilty on Thursday to San Francisco prosecutors' charge of murder in the killing of Cash App founder Bob Lee last month in downtown San Francisco. Momeni entered the plea at an arraignment in San Francisco state court, according to a report by the San Francisco Chronicle. They alleged at the time that Momeni grilled Lee about Momeni's sister socializing with Lee.

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