Snapchat Social Problem

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Recommended: Bay Area's Housing Crisis

The social problem I intend to address is how the technology firms drive up the housing prices in the Bay Area. For this executive summary, I will be acting as a research assistant in Human Resource department in Snapchat. My summary will be addressed to Evan Spiegel, the Chief Executive Officer of Snap Incorporation. Spiegel’s company has been searching for an office space in San Francisco, and I believe taking the homeless crisis into consideration when they relocate their office is crucial to their business development and employee retention. Spiegel therefore needs a thorough analysis about how their transfer will affect the critical situation of housing in the Bay Area and the homeless condition in San Francisco. Spiegel should also understand …show more content…

(2016, August 1). The San Francisco ‘Tech Tax’ Is Dead. Time US.
Retrieved from http://time.com/4434468/san-francisco-tech-tax-dead/

Eric Mar, ex-supervisor at City and County of San Francisco, proposed a 1.5% payroll tax directly to technology companies in the Bay Area in 2016, regarding to the housing prices driven by them. The goal of the “tech tax” was to allocate the money to fund affordable housing in the city. The City Council ultimately rejected the proposal before it made it to the November ballot.

Roland L. (2016, December 2). Facebook commits $20 million to fund affordable housing, job training in Silicon Valley. San Francisco Business Times. Retrieved from http://www.bizjournals.com/sanfrancisco/news/2016/12/02/facebook- affordable-housing-menlo-park-e-palo-alto.html

Facebook made a $20 million donation to fund affordable housing, and job training in Silicon Valley to create close partnership with the residents, and to ease the tension between technology firms and local tenants, especially in East Palo Alto, which 16% of residents live in poverty. However, due to the rising construction and living cost in the area, more public funding is needed in order to put an end on the housing

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