"Khan has been an ally of Mamdani's, praising him in a New York Times op-ed about his outreach to small business owners. But her appointment to a formal role on his transition team sends a message to Wall Street and the tech industry, whose most powerful players have already been critical of Mamdani, a Democratic socialist who ruffled the feathers of the tech elite by criticizing billionaires and proposing a 2% tax of incomes over $1 million."
""What we saw last night was New Yorkers not just electing a new mayor, but clearly rejecting a politics where outsized corporate power and money too often end up dictating our politics," Khan said in a speech on Wednesday. Khan described Mamdani's victory as "a clear mandate for change where New Yorkers can get ahead, and where all workers and small businesses can thrive - not just get by.""
"Airbnb co-founder Joe Gebbia, as well as investors like Bill Ackman and Mike Bloomberg, each spent millions of dollars to oppose Mamdani and advocate for former New York governor Andrew Cuomo, who finished second in the polls. DoorDash also gave $1 million to a pro-Cuomo super PAC. Mamdani's platform, however, advocated for increased regulation of delivery apps and protections for their subcontracted gig workers."
Zohran Mamdani won the New York City mayoral race and named former FTC chair Lina Khan a co-chair of his transition team. Khan praised Mamdani's outreach to small business owners and framed the victory as a rejection of corporate influence and a mandate for change that supports workers and small businesses. Major investors and tech figures, including Joe Gebbia, Bill Ackman, and Mike Bloomberg, spent millions opposing Mamdani and backing Andrew Cuomo. Mamdani proposed a 2% tax on incomes over $1 million and sought stronger regulation of delivery apps with protections for subcontracted gig workers. Khan has a record of blocking high-profile tech mergers and drawing Silicon Valley criticism.
Read at TechCrunch
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