Facebook Inc (NASDAQ:FB), Twitter Inc (NYSE:TWTR) and Google Inc (NASDAQ:GOOGL) recently organized some events in Seattle, the home town of Microsoft Corporation (NASDAQ:MSFT) and Amazon.com, Inc. (NASDAQ:AMZN), which depicts that famous tech companies are focusing their lens on Seattle. Reuters news agency published a report on this recent trend and said that Seattle is attractive for Silicon Valley companies, mainly because of the lower rates of tech talent. Many mainstream companies from Silicon Valley are considering Seattle as their second most favorite option for technology ventures.
The report stated that Microsoft Corporation (NASDAQ:MSFT) now has enough talent in its backyard and most of the tech companies including Facebook Inc (NASDAQ:FB), Twitter and Google are hiring Microsoft Corporation (NASDAQ:MSFT)’s alumni. Microsoft Corporation (NASDAQ:MSFT) is facing some issues in sustaining the talent as most of its employees leave the company after a certain period of time.
Two years ago, Facebook Inc (NASDAQ:FB) had only 125 employees at its Seattle office, but now, the number has reached 400. This shows the growth of major companies in Seattle, which is mainly famous for hosting Amazon.com, Inc. (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT). The salary of a regular software developer starts at $95,000 in Seattle as compared to $109,000 in San Francisco, claimed the report by quoting a recruitment company, Robert Half Technology
According to Reuters, Google has two offices in the Seattle area, where more than 1,400 employees work. The engineering works at Google’s offices in Seattle are carried out by Microsoft veteran Chee Chew. The source added that Amazon.com, Inc. (NASDAQ:AMZN) and Microsoft are the two main entities which are fueling up the technology sector in the Seattle area.
Seattle also attracts technology enthusiasts because of its low cost living spaces, low taxes and better quality of life.
Jeffrey Ubben‘s ValueAct Capital is one of the biggest shareholders of Microsoft Corporation (NASDAQ:MSFT), having more than 74 million shares of the company. Philippe Laffont‘s Coatue Capital is one of the biggest shareholders of Facebook Inc (NASDAQ:FB), having over 5.8 million shares of the company.Ken Fisher’s Fisher Asset Management is one of the largest shareholders of the Amazon.com, Inc. (NASDAQ:AMZN), having over 2.47 million shares of the company.
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