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The Snatch: Money for Pride, Cash for Free 

Wednesday, May 28 2014
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Easy Money

Before you call mom and dad for help with next month's rent, read this: There's a new social experiment happening on Twitter in which an anonymous person hides $100 bills around San Francisco and tweets photos with some hints about where they are. Once the money has been discovered, the lucky person is supposed to tweet to @HiddenCash with a photo of the cash and share it. The Bold Italic reports that the benefactor is simply trying to give those who can't afford pretty much anything in S.F. a little boost: "I've made millions of dollars the last few years, more than I ever imagined, and yet many friends of mine, and people who work for me, cannot afford to buy a modest home in the Bay Area," the person wrote via email. "I am determined to give away some of the money I make, and in addition to charity, to do it in fun, creative ways like this." We look forward to seeing where this money trail leads.

One Kind of Vacancy

With high-priced beers, glad-handing politicians, and blockbuster pop acts now integral to San Francisco's Pride Parade, it was only a matter of time before the venerable institution would become yet another trapping of the tech economy. This year might mark the tipping point: Airbnb has announced that it will sponsor the 2014 parade, marking its commitment to the "culture and heritage of the LGBT community." The news comes amid strident public debate about Airbnb's role in despoiling San Francisco. In April, City Attorney Dennis Herrera sued two landlords for illegally converting their rental units into Airbnb hotels. Supervisor David Chiu introduced an ordinance to regulate Airbnb and other hospitality sites, which all violate a city law against renting units for less than 30 days. At one point, Airbnb was accused of eviscerating the city's booming hospitality industry. Now it's exacerbating the housing crisis, as well. That's made it a particularly controversial corporate benefactor for an event that many say is straying further and further away from its political roots.

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Staff, SF Weekly

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