Reporter's Notebook: Marc Benioff of Salesforce Sounds Alarm on Technology

He said he was "shocked by resistance" to San Francisco's Proposition C, which called for higher taxes on businesses to raise funds for addressing homelessness. Jack Dorsey, CEO of Twitter and Square, is a prominent opponent, arguing the measure is unfair to Square and fintech startups. San Francisco voters approved Proposition C in November 2018, though the city has said it won't spend the money raised until legal questions are settled. On WeWork, whose plans for an initial public offering were derailed recently, Mr. Benioff said that "an IPO is like a spiritual cleanse." That's because going public earlier in its life forces a startup to do things like find a top CEO, he said.