Boston and NY share high tech losses as Amazon and GE bail on same day

Boston and NY share high tech losses as Amazon and GE bail on same day

7 years ago
Anonymous $Dftgs0JzgE

https://techcrunch.com/2019/02/14/boston-and-ny-share-high-tech-losses-as-amazon-and-ge-bail-on-same-day/

Boston and New York have been sporting rivals for decades, constantly fighting over bragging rights across all four major sports, but today the two cities had something in common neither was probably hoping for. Both had major tech companies back out of massive deals on the same day.

It turns out, however, the two cities lost the deals for entirely different reasons. For NY, Amazon wasn’t pleased with the political greeting it received and decided it wasn’t going to be friendly enough for its liking. In the Boston case, it was entirely an economic decision as GE’s fortunes have changed considerably since it made its plans in 2016.