Name: Tech titan flees San Francisco for Florida, says city is poorly managed
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Tech titan flees San Francisco for Florida, says city is poorly managed

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titan Keith Rabois says he's&nbsp;leaving California's Silicon Valley and moving to the Sdouth Florida&nbsp;metropolis of Miami. Rabois, formerly an executive at companies such as&nbsp; and&nbsp;, announced the decision during Tuesday's “I think San Francisco is just so massively improperly run and managed that it’s impossible to stay here,” he . A recent report from&nbsp; firm&nbsp;&nbsp;and analytics group&nbsp;&nbsp;said South Florida is&nbsp;&nbsp;for Americans moving during the&nbsp;.Rampant and relentless have disrupted&nbsp;the last few years for longtime Bay Area residents. The strain of the coronavirus only adds strain&nbsp;to cities already under duress.The 51-year-old New Jersey native has lived in the Bay Area for 20 years. He pointed out that many have taken similar actions over the past couple of years.The Bay Area -- once known for the garages of technology greats -- has seen the departures of and and , or what some call a "tech exodus."Rabois explained that the pandemic gave him the push he needed to get out the proverbial door&nbsp;-- noting any hesitancy was "more&nbsp;psychological than real.”In addition, the investor explained that he had observed Americans' changing habits over the course of the year, asserting that residents of heavily-populated and pricey cities have been exposed to the "downsides" of urban life during the pandemic.“Bay Area searches for rent are in free-fall, they’re down like 30%,” Rabois added."It’s very clear right now, people are shifting their preferences pretty massively,” he said, though noting attitudes could shift once a is introduced to the public.A has also played a role, with employees in hubs like New York City opting for cheaper rents as long as they are allowed to work from home. Many companies are making that option permanent.Among Miami's attractions: The warmer weather. The temperature in the Florida city was 79 degrees on Thursday morning, compared with just 51 degrees in San Francisco.“Miami is an incredibly beautiful city, cosmopolitan, has an interesting mix of New Yorkers, Latin Americans, and Europeans,” he told conference members.“Living in the Bay Area for 20 years, it’s just like, all the things you wish you had,” Rabois concluded.

titan Keith Rabois says he's&nbsp;leaving California's Silicon Valley and moving to the Sdouth Florida&nbsp;metropolis of Miami. Rabois, formerly an executive at companies such as&nbsp; and&nbsp;, announced the decision during Tuesday's “I think San Francisco is just so massively improperly run and managed that it’s impossible to stay here,” he . A recent report from&nbsp; firm&nbsp;&nbsp;and analytics group&nbsp;&nbsp;said South Florida is&nbsp;&nbsp;for Americans moving during the&nbsp;.Rampant and relentless have disrupted&nbsp;the last few years for longtime Bay Area residents. The...

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Fox Business (officially known as Fox Business Network) is an American pay television business news channel that is owned by the Fox News Media division of Fox Corporation. The network discusses business and financial news.

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Tech titan flees San Francisco for Florida, says city is poorly managed

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