Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Illustration: Eniola Odetunde/Axios

A campaign to recall California Gov. Gavin Newson (D) is splitting some of Silicon Valley's biggest venture capitalists.

Driving the news: Famed investor and San Francisco political player Ron Conway, along with 74 other tech and business leaders, have signed an open letter urging Californians to oppose the recall of the governor.

  • Newsom, they argue, has been making strides in leading the state through the pandemic, and a recall campaign would significantly distract him from continuing to manage the pandemic and recovery.
  • Other signatories include: Laurene Powell Jobs, Eric Schmidt, Reid Hoffman, Sean Parker, Jeff and Erica Lawson, Joe Gebbia, Evan Williams, Zachary Bogue and Marissa Mayer, Jessica Livingston, and Paul Graham.
  • The letter comes a couple of months after other prominent investors began donating and publicly backing efforts to recall Newsom. The earlier letter also cited his handling of the pandemic, including stronger restrictions than many other states and a vaccine rollout that got off on a slow start. One investor, Chamath Palihapitiya, even briefly flirted with challenging Newsom in the race.

What they're saying:

"I took the lead along with other tech leaders to rally opposition to a recall because a distracting recall election is the last thing our state needs right now. Governor Newsom has made tough decisions to lead us through the pandemic, and we're finally starting to see the light at the end of the tunnel. The vast majority of people in the tech community agree: replacing Governor Newsom with a Trump Republican, which is what this recall effort is really all about, would reverse our progress against COVID and would be bad for California."
— Ron Conway

The big picture: Some of the objections in recent months from investors and techies moving to cities like Austin and Miami are actually a rejection of California's Democratic-driven policies and politics.

  • With remote work becoming more widely accepted by companies and investors, some are arguing the state's relatively high taxes and what they view as anti-tech policies are no longer worth living in the state.

What's next: Organizers for the recall campaign say they submitted more 2.1 million signatures for verification by the March 17 deadline, though the state is not expected to release a final tally until late April.

  • The campaign will need 1.5 million verified signatures to move to the next step.

Go deeper

Mar 26, 2021 - Technology

Scoop: Trump allies target Biden picks with Big Tech ties

Former OMB director Russell Vought at CPAC. Photo: Elijah Nouvelage/Bloomberg via Getty Images

Escalating the GOP's push against Big Tech, Trump allies are targeting Biden nominees who worked for — or even advised — Apple, Amazon, Google or Facebook.

Driving the news: The Center for American Restoration, a think tank formed by Trump-era Office of Management and Budget director Russ Vought, wrote a letter to Senate Minority Leader Mitch McConnell (R-Ky.) and Republican senators Friday urging them to reject nominees with Big Tech ties.

First-time homebuyers shrink as prices spike

Data: National Association of Realtors; Chart: Axios Visuals

Home sales cooled as prices continued to heat up in August.

Driving the news: The share of first-time existing homebuyers (29%) last month was the smallest in two years, according to new data from the National Association of Realtors.

Mike Allen, author of AM
2 hours ago - World

Airbnb co-founders double Afghan refugee program to 40,000

Afghan refugees arriving at Dulles International Airport in Virginia in August 2021. Photo: Kent Nishimura/Los Angeles Times via Getty Images

Airbnb CEO Brian Chesky and co-founder Joe Gebbia said during a visit to Washington on Wednesday that they're offering temporary housing to 40,000 Afghan refugees worldwide, doubling a previous commitment.

The big picture: The housing typically lasts several weeks, and Airbnb and Airbnb.org provide subsidies to hosts. Hosts and donors also help pay.