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The Trump administration's efforts to throw up barriers to immigrants wanting to work in the U.S. is bad news for the tech industry, especially startups, Stripe CEO Patrick Collison said on Recode's latest podcast.

Collison and his brother John were born in Ireland and came to the U.S. to study at MIT and Harvard, respectively. That's where they co-founded their online payments company that's now valued at $9 billion. The top-notch universities and innovative companies here attract promising talent from around the world, but limiting immigration will undermine that, he said:

"To the extent that universities can help students come here, or that companies can enable the best and brightest to move here, it is 'despite' rather than 'because' of U.S. immigration policy."

Join the club: Collison is hardly the only Silicon Valley entrepreneur to sound the alarms on current efforts to limit immigration of all kinds, even those coming here for high-skilled jobs. Investors and entrepreneurs told Axios that Trump's proposed reforms to the H-1B visa program could hurt startups, and Box CEO Aaron Levie told Axios that restrictionist immigration policies will make foreign students reconsider coming to the U.S. "If we don't have this talent, then we don't have places like Silicon Valley or New York or Boston that are building these really great communities of innovation," he said. "If you're not the best place for immigrants, then you don't win in the digital economy."

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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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In photos: Thousands evacuated as Southern California fire grows

A plane makes a retardant drop on a ridge at the Apple Fire north of Banning in Riverside County, which "doubled in size" Saturday, per KTLA. Robert Gauthier / Los Angeles Times via Getty Images

A massive wildfire that prompted mandatory evacuations in Southern California over the weekend burned 26,450 acres and was 5% contained by Monday afternoon, the California Department of Forestry and Fire Protection said.

The big picture: As California remains an epicenter of the coronavirus pandemic in the U.S., some 15 separate fires are raging across the state. About 7,800 people were under evacuation orders from the Apple Fire, about 75 miles east of Los Angeles, as hundreds of firefighters battled the blaze. CalFire said Monday that a malfunction involving a "diesel-fueled vehicle emitting burning carbon from the exhaust system" started the Apple Fire.

Twitter faces FTC fine of up to $250 million over alleged privacy violations

Photo: Rafael Henrique/SOPA Images/LightRocket

The Federal Trade Commission has accused Twitter of using phone numbers and emails from its users to make targeted ads between 2013 and 2019, Twitter said in an SEC filing published Monday.

Why it matters: Twitter estimates that the FTC's draft complaint, which was sent a few days after its Q2 earnings report, could cost the company between $150 million and $250 million. The complaint is unrelated to the recent Twitter hack involving a bitcoin scam.