Technology

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A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

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A mystery company backed by Silicon Valley billionaires has purchased tens of thousands of acres of land for more than $800 million to build a new city near San Francisco (www.businessinsider.com)

submitted 1 year ago by throws_lemy@lemmy.nz to c/technology@beehaw.org

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[–] Blastasaurus@kbin.social 6 points 1 year ago* (last edited 1 year ago) (1 children)

Except for that initial $800 million, plus the billions it will cost for infrastructure.

[–] agressivelyPassive@feddit.de 11 points 1 year ago

They will try to get that financed by VC or regular finance and skim something off the top of everything that's happening in the city.

Even if the libertarian nightmare fails, they still have a developed city near SF.