THE BUZZ: Uber, the ride-hailing and delivery giant that launched in San Francisco, is prepping a massive cash infusion to shake up politics in California, according to plans revealed first to Playbook.
The company is dropping $30 million into its existing state committee — called the Uber Innovation PAC — all of which it plans to spend on candidates and causes in 2024, people familiar with its plans said.
That will make it one of, if not the largest, single-funded state PACs this election cycle, injecting a decidedly pro-business bent into the mix. In addition to its sheer size, Uber’s incoming money bomb is notable given moves by other major corporations to pull out of California, citing complaints over its voluminous regulations and a broader climate that can be unfriendly to large businesses.