Zohran Mamdani, a longshot New York City mayoral candidate and self-proclaimed socialist, surged in the Democratic primary polls, surprising many by potentially leading against Andrew Cuomo. This unexpected twist earned him 99% odds on prediction market Kalshi, provoking strong reactions from tech elites on social media. Many expressed disdain for the idea of Mamdani's proposals, viewing New York City as spiraling into decline akin to other liberal-leaning cities. This outcry mirrored frustrations previously directed at San Francisco over similar political decisions, revealing broader concerns about urban governance among tech investors and commentators.
For those of us in the trenches of X, the meltdown was a familiar sight, echoing the contempt that the tech elite have directed at San Francisco for years.
New York City on the brink of becoming Gotham City, he posted, sharing the Kalshi projection.
Congrats you morons turned NYC into Britain, wrote a Miami-based VC. Seasoned criminals roam free while ordinary people who post mean words go to prison.
At a party tonight with politically active San Franciscans and we were just thinking...wow, NYC is cooked, he wrote.
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