Amazon abandoning NYC headquarters is a cautionary tale for big tech

Amazon abandoning NYC headquarters is a cautionary tale for big tech

5 years ago
Anonymous $Dftgs0JzgE

https://finance.yahoo.com/news/amazon-long-island-city-lessons-163016646.html

Charlene Li, founder and principal analyst of the San Francisco-based Altimeter Group, contended the HQ2 search sustained the public’s perception that tech companies had become too arrogant for their own good.

“I think it’s a continuing trend of how companies are running smack into the face of communities they have ignored,” contended Li. “The reality is when you move into a city, you have to build relationships. But Amazon basically marched in with an attitude of, ‘Hey, you will be lucky to get us.’ What we are seeing is tech companies are no longer the knight in shining armor. ‘Oh, let me bestow my benevolence upon you’ — 25,000 jobs — but only if you do my bidding.”

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