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2 Israeli tech firms to pull funds out of the country, citing risk posed by Netanyahu government

(JTA) — The Israeli founder of an international payroll company that provides services to Toyota and Microsoft has announced that she will move her company’s money out of Israel over concerns about its new right-wing government.

Eynat Guez, a co-founder and CEO of Papaya Global, which was valued at $3.7 billion in 2021, made the announcement Thursday on Twitter. Her announcement came the morning after Israeli Prime Minister Benjamin Netanyahu defended his government’s proposed judiciary reforms and after weeks of mounting warnings, from within Israel and abroad, that the reforms could harm Israel’s credit rating. Netanyahu dismissed those warnings on Wednesday as overblown.

“Following Prime Minister Netanyahu’s statements that he is determined to pass reforms that will harm democracy and the economy, we made a business decision at Papaya Global to withdraw all of the company’s funds from Israel,” Guez tweeted on Thursday morning. “In the emerging reform, there is no certainty that we can conduct international economic activity from Israel. This is a painful but necessary business step.”

Guez has emerged as a leader within Israel’s vaunted tech sector in protests against the new government, speaking at a rally of tech workers in Tel Aviv that took place last weekend amid protests around the country. The rallies are largely focused on the governing coalition’s judiciary proposals, including legislation that would allow the Knesset, Israel’s parliament, to overrule Supreme Court decisions.

In her speech, Guez said she had been encouraged to raise money for Papaya Global from the United States, a common step for Israeli firms, but had resisted because she wanted to live in Israel and raise her children there, the way her parents had after immigrating from their birthplaces in Morocco and Tunisia.

She also noted that $54 billion in capital from abroad had been invested in Israeli companies in the past three years. “Without a democracy, we’d never have these $54 billion,” she said. “And not the tens of thousands of employees who joined the high-tech sector in recent years.”

Guez said foreign investors had been calling with concern about whether Israel’s democracy was crumbling. “Just like in Brazil, Venezuela and Hungary, no leading investor or financial institute will let his billions stay in a country with a crumbling democracy,” she said. She added,  “Let’s say this loud and clear: Startup Nation without a democracy cannot stand.”

A second, smaller Israeli tech company is also moving its bank accounts out of Israel, according to the Israeli tech publication Calcalist. The firm, Disruptive AI, raises money for artificial intelligence startups and manages $250 million in funds.

Guez did not further explain Papaya’s business decision on Thursday and how it would affect the company or its employees. The company, which says it manages more than $3 billion in payroll for companies in 160 countries, entered the ranks of Israel’s “unicorn” tech firms in early 2021, meaning that it was valued at over $1 billion. It raised $250 million against a valuation of $3.7 billion later that year.

Israel’s tech sector has been experiencing the same downturn as the global tech sector, in which sweeping layoffs have been taking place in recent weeks. Last year was the worst since 2014 for the number of Israeli companies being acquired or going public.


The post 2 Israeli tech firms to pull funds out of the country, citing risk posed by Netanyahu government appeared first on Jewish Telegraphic Agency.

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Hillary Clinton Warns Youth Being Misled by ‘Totally Made Up’ Narratives About Gaza, Israel

Former US Secretary of State Hillary Clinton speaks on the first day of the 2024 Clinton Global Initiative Meeting at the Hilton Hotel in New York City, US, Sepy. 23, 2024. Photo: MediaPunch/INSTARimages via Reuters Connect

Former US Secretary of State Hillary Clinton issued a stark warning this week, arguing that young Americans are increasingly turning against Israel because they are consuming misleading and often fabricated social-media content about the Gaza war. 

Speaking at an Israel Hayom summit in New York, Clinton said that young people were being influenced by “totally made up” videos depicting alleged Israeli actions in Gaza, many of which she claimed were nothing more than stylized pro-Hamas propaganda.

Clinton noted that more than half of young Americans now receive their news primarily from platforms such as TikTok and Instagram, where short, highly sensationalized clips often spread faster than verified information. She warned that these platforms prioritize emotion over context, leaving users vulnerable to narratives that ignore decades of Israeli security dilemmas, Hamas terrorism, and the broader regional picture. 

Clinton lamented that her attempts to have conversations with young people over the Gaza War have been fruitless, noting that students “did not know history, they had very little context, and what they were being told on social media was not just one-sided, it was pure propaganda.”

Her remarks reflect growing concern among pro-Israel advocates and politicians about the generational shift in US public opinion. Recent polling show that younger Americans, across political lines and even within the Jewish community, are significantly less supportive of Israel than older generations. Clinton suggested that this shift is less a product of thoughtful engagement with the conflict than of a digital information culture in which Hamas and its sympathizers have gained enormous influence.

​​”It’s not just the usual suspects. It’s a lot of young Jewish Americans who don’t know the history and don’t understand. A lot of the challenge is with younger people. More than 50 percent of young people in America get their news from social media,” Clinton said. 

“So, just pause on that for a second. They are seeing short-form videos, some of them totally made up, some of them not at all representing what they claim to be showing, and that’s where they get their information,” continued Clinton, who previously served as a US senator from New York.

In today’s fragmented media environment, a single unverified video can reach millions of people within hours. Analysts have repeatedly documented how decontextualized or manipulated footage from Gaza circulates widely before fact-checkers can intervene. Meanwhile, footage that reveals Hamas’s extensive use of human shields, its embedding of military infrastructure inside hospitals, or its responsibility for repeated ceasefire collapses rarely achieves the same viral momentum. According to experts analyzing the flow of information, the asymmetry has allowed simplistic narratives portraying Israel as an aggressor to dominate the feeds of young users who lack the historical grounding needed to assess such content.

Clinton’s comments underscore a growing consensus that modern warfare is fought not only on the battlefield but also online in the domain of public relations. Israel, she suggested, faces an unprecedented challenge in countering digital propaganda that spreads farther and faster than any official briefing or nuanced reporting.

Clinton warned that the crisis extends beyond Israel to the United States and other democracies struggling to maintain informed public discourse. The result is an American youth culture increasingly swayed by unverified images and misleading narratives rather than history, context, or the realities of Israeli security, an information landscape that has reportedly been leveraged by foreign actors such as Iran, Qatar, and Russia to push disinformation.

Clinton’s remarks amounted to a call for a more robust response to online misinformation and for renewed efforts to inform young Americans about the complexities of the conflict.

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New York Governor Puts New Holocaust Memorial Project in Motion

New York Gov. Kathy Hochul. Photo: Reuters Connect

New York Gov. Kathy Hochul on Monday signed legislation to establish a new memorial honoring victims and survivors of the Holocaust that will be constructed inside the Rockefeller Empire State Plaza in Albany.

“With the first ever state-sponsored Holocaust Memorial, we are honoring the victims and survivors of the Holocaust while ensuring that all visitors have a place to remember and reflect on what the Jewish community has endured,” Hochul said in a statement announcing the action. “New York has zero tolerance for hate of any kind, and with this memorial, we reaffirm our commitment to rooting out antisemitism and ensuring a peaceful and thriving future for all.”

Per the legislation, Senate Bill 5784, the construction of the memorial, the first ever to be sponsored by the state government, will be managed by New York’s Office of General Services (OGS). Hochul’s office said its completion will give “visitors the opportunity to reflect on issues that touch the core of our society” and “serve as a reminder of the dangers of antisemitism, racism, and all manifestations of intolerance.”

Dan Dembling, president of the Capital District Jewish Holocaust Memorial, a nonprofit from upstate New York which promotes knowledge of the Holocaust, said his group is “deeply grateful” to Hochul.

“At this time when antisemitism is so high and rhetoric is reminiscent of the Nazi era, the need to remember the Holocaust is critically important,” Dembling said. “As envisioned, this memorial will have statewide impact by helping to educate people about the consequences of prejudice left unchecked and hopefully inspire New Yorkers to stand up against hate in all its forms.”

The approval of the Rockefeller Plaza Holocaust Memorial comes amid a rise in antisemitic incidents in New York, especially in New York City, where, according to the Anti-Defamation League (ADL), hundreds of anti-Jewish acts have been perpetrated in 2025 and a record 976 struck the city in 2024.

During the hate crime wave, the Jewish community in the Crown Heights section of Brooklyn suffered a violent series of robberies and other attacks. In one instance, three masked men attempted to rob a Hasidic man after stalking him through the neighborhood. Before then, two men beat a middle-aged Hasidic man after he refused to surrender his cell phone in compliance with what appears to have been an attempted robbery. Additionally, an African American male smacked a 13-year-old Jewish boy who was commuting to school on his bike in the heavily Jewish neighborhood, and less than a week earlier, an assailant slashed a visibly Jewish man in the face.

Hochul’s handling of the problem has been criticized by Jewish civil rights activists and Republican lawmakers. Many lambasted, for example, her endorsement in September of the candidacy of New York City Mayor-elect Zohran Mamdani, a self-described socialist who is allied with far-left anti-Zionist groups and has vowed to arrest Israeli Prime Minister Benjamin Netanyahu should he visit the city. Mamdani has also supported boycotts targeting Israel and failed to denounce the slogan “globalize the intifada,” which has been widely interpreted as a call for terrorism against Jews and Israelis worldwide.

The endorsement prompted accusations that Hochul was contributing to the rising popularity and aggressiveness of political Islamism across the Five Boroughs. Days after Mamdani won his bid for mayor, anti-Israel protesters staged a riotous demonstration in which hundreds of people amassed outside a prominent New York City synagogue and clamored for violence against Jews.

Hochul’s political opponents blamed her leadership for the incident.

“This is [Gov.] Kathy Hochul’s New York,” US Rep. Elise Stefanik, a leading Republican candidate running to unseat Hochul in next year’s gubernatorial election, said on the X social media platform. “When New Yorkers were looking for strong leadership from our governor, instead of standing against antisemitic hate, Hochul chose to endorse a raging antisemite for mayor of NYC putting Jewish families at risk.”

Hochul’s office has maintained that her administration’s efforts to combat antisemitism lead the nation, pointing to its constituting a new Division of Human Rights, enacting a “first ever statewide plan to combat antisemitism,” and approving legislation which requires colleges in the state to hire a civil rights coordinator.

College campuses in the state continue to see shocking incidents of antisemitism, however.

In September, law enforcement agents filed hate crime charges against two Syracuse University students who they say forcefully gained entry into a Jewish fraternity’s off-campus house during Rosh Hashanah, the Jewish New Year, and heaved a bag of pork at a wall, causing its contents to splatter across the floor. Just days earlier, someone graffitied antisemitic messages inside the Weinstein residence hall at New York University.

Follow Dion J. Pierre @DionJPierre.

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Guinness World Records Tells Israeli Charity It’s Currently Not Accepting Submissions From Israel

People stand next to flags on the day the bodies of deceased Israeli hostages, Oded Lifschitz, Shiri Bibas, and her two children Kfir and Ariel Bibas, who were kidnapped during the deadly Oct. 7, 2023, attack by Hamas, are handed over under the terms of a ceasefire between Hamas and Israel, in Tel Aviv, Israel, Feb. 20, 2025. Photo: REUTERS/Ammar Awad

An Israeli nonprofit organization had its application to the Guinness World Records rejected recently because the latter has a current policy of not accepting submissions from Israel or the Palestinian territories.

The Matnat Chaim charity, which helps people make voluntary kidney donations, said on Wednesday it contacted Guinness World Records (GWR) to discuss an event it is planning next month at the International Convention Center in Jerusalem where 2,000 Israeli kidney donors will gather in one place, which would be a world record. The charity hoped the event would be entered into the next Guinness Book of World Records. However the nonprofit’s request was rejected by GWR, which claimed that it is currently not processing record applications from Israel or the Palestinian territories.

“We deeply regretted the decision to involve politics in a purely life-saving effort. Humanity should be above all boundaries or conflicts,” the charity, whose name means “Gift of Life” in Hebrew, wrote in a Facebook post. “But the truth is, no record book can truly contain the greatness of our donors. Our true record is not measured by certificates hanging on the wall, but by 2,000 men, women, and children who got up from their sickbeds and returned to life. It is measured by thousands of families who received their loved ones back.”

“Guinness may choose not to list us in their book, but our wonderful donors are listed in the book of lif. And this is the most important record there is,” the charity added. “Next month, we will meet in the name of God, the Matnat Chaim family, at the Nation Buildings and break a record. We continue with all our might in our activities, because there are still lives to save.”

Guinness World Records said in a statement on Wednesday that the policy has been place since November 2023, shortly after the war in Gaza started following Hamas’s Oct. 7 massacre across southern Israel,

“We are aware of just how sensitive this is at the moment,” GWR explained. “We truly do believe in record breaking for everyone, everywhere but unfortunately in the current climate we are not generally processing record applications from the Palestinian Territories or Israel, or where either is given as the attempt location, with the exception of those done in cooperation with a UN humanitarian aid relief agency.”

GWR said it is “monitoring the situation carefully” and the record application policy is subject to a monthly review. “We hope to be in a position to receive new enquiries soon,” it added.

Israeli Foreign Minister Gideon Sa’ar called the policy “inexcusable” in a post on X. He said Israelis “expect and demand that this twisted decision be revoked immediately.”

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