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Photo: Justin Sullivan/Getty Images

Salesforce founder Marc Benioff scored a major victory in Tuesday's election as voters approved a bill he had strongly backed to help end homelessness in San Francisco.

Why it matters: The initiative, known as Proposition C, will require big businesses (including Salesforce) to pay for new services to help fight homelessness.

  • Prop C had been opposed by some fellow techies including Twitter and Square CEO Jack Dorsey, Zynga co-founder Mark Pincus, and Stripe CEO Patrick Collision as well as San Francisco Mayor London Breed.

How it works: Prop C raises the gross receipts tax on San Francisco-based businesses taking in more than $50 million. The additional tax varies between 0.175% to 0.69%, depending on the type of business. (The categories were a sore spot for some businesses that believe they were misclassified and over-taxed.)

What they're saying:

  • Benioff: "Prop C’s victory means the homeless will have a home & the help they truly need! Let the city come together in Love for those who need it most! There is no finish line when it come to helping the homeless."
  • Pincus (earlier this week): "Prop c is the dumbest, least thought out prop ever. Please get the facts and vote no. Then lets all focus on real solutions for sf."

The bottom line: Prop C will add much needed funding to help with San Francisco's increasing homelessness problem. Less clear is what impact the added tax might have on tech companies trying to decide where to locate.

Go deeper

47 mins ago - World

Sudan's military places civilian prime minister under house arrest

Sudanese Prime Minister Abdallah Hamdok during a 2020 news conference in Khartoum, Sudan. Photo: Mahmoud Hjaj/Anadolu Agency via Getty Images

Sudan's civilian Prime Minister Abdalla Hamdok was put under house arrest and several other ministers were also detained Monday in what appears to be a military coup in the country, per local reports.

Why it matters: The arrests of the civilian faction in the Sudanese government came a day after U.S. envoy Jeffrey Feltman met with the head of the military faction of the Sudanese government General Abdul Fattah al-Burhan and warned him against staging a coup.

"Atmospheric river" swings Northern California from drought to flood

Satellite view of the bomb cyclone swirling off the coast of the Pacific Northwest and the atmospheric river affecting California on Oct. 24. Photo: CIRA/RAMMB

A series of powerful "atmospheric river" storms are delivering historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest — triggering widespread power outages and flooding.

Why it matters: The strong atmospheric river, packing large amounts of moisture, is causing Northern California to whiplash from drought to flood.

Updated 3 hours ago - World

Saudi dissident claims MBS said he could get "poison ring" to kill king

Saudi Crown Prince Mohammed bin Salman attending the Saudi Green Initiative Forum, via video link, in Riyadh, Saudi Arabia on Saturday. Photo: Royal Court of Saudi Arabia/Handout/Anadolu Agency via Getty Images

A former senior Saudi intelligence official who worked with the U.S. on counterterrorism alleged to "60 Minutes" in an interview broadcast Sunday that Crown Prince Mohammed bin Salman discussed in 2014 killing the kingdom's then-monarch.

Why it matters: The claim by the exiled Saad al-Jabri, whom Saudi authorities describe as "a discredited former government official," that the crown prince, known as "MBS," allegedly said he could obtain a "ring from Russia" to carry out the attack, is one of several serious but unproven allegations he made on the CBS show.