Business

IPO Drought Rings Ominous Warning Bell for California Economy

A of Sept. 30, initial public offerings in California had raised just $177 million, compared to an average of $16 billion during the same period over the past five years. That's just 2% of funds generated by U.S. companies that went public through the end of September. Last year at this time, California accounted for 39% of funds nationally.

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Capitol Bracing for Social Media Showdown

Under amendments made public June 30, only public prosecutors, such as the state attorney general and county district attorneys, would have the power to bring civil lawsuits against social media giants for deploying designs or features they know will addict kids.

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