Tech billionaires are spending unprecedented sums in California races. Experts say it’s the tip of the iceberg

Tech billionaires in California are spending hundreds of millions to influence state elections and regulations, with Google co-founder Sergey Brin spending $66 million against a billionaire tax. Google and Meta have funded a $10 million Super Pac to support legislative candidates, while crypto mogul Chris Larsen spent $26 million across three Super Paces. The goal is to secure political and regulatory leverage for the tech industry.