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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.
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New York lawmakers approve 50-foot buffer around houses of worship in challenge to Mamdani
New York legislators Tuesday approved a sweeping buffer zone measure as part of the state budget, in a measure that would establish criminal penalties for violations.
The legislation, proposed by Gov. Kathy Hochul and negotiated with the Democratic-led majorities in the state legislature, establishes a 50-foot security buffer around houses or worship and educational centers in response to or anticipation of a planned protest outside its premises. The bill would make it a class B misdemeanor — a low-level criminal offense — when a protester “knowingly or intentionally engages in a course of conduct that places that individual in reasonable fear for their safety.”
The measure defines a place of religious worship broadly, covering not only sanctuaries but also community centers and schools being used for services, education and religious observance. And it gives police the authority to establish a security perimeter beyond 50 feet, within which demonstrations are not allowed, when anticipating large protests or clashes.
“New Yorkers will be safer because of it,” Hochul said in a statement after its passage by the State Assembly. The incumbent Democrat is running for reelection this year and is making a play for Jewish votes.
The bill goes further than Hochul’s original proposal earlier this year, which called for a 25-foot buffer zone around religious institutions statewide. “We’ve seen demonstrations targeting faith communities outside synagogues, mosques and churches,” Hochul told reporters last month. “This is not free expression, this is harassment, and it has no place in the state of New York.”
The statewide approach contrasts with the New York City law that Mayor Zohran Mamdani allowed to become law without his signature in April. That measure, advanced by the City Council, requires the NYPD to develop safety plans for protests near houses of worship and manage access during demonstrations.
Civil liberties advocates and progressive groups had raised concerns about broad restrictions on protest activity. Mamdani, a strident Israel critic who faces scrutiny from mainstream Jewish organizations over his response to antisemitism and pro-Palestinian protests, vetoed a similar bill that applied to schools and educational institutions.
The City Council introduced a revised measure that does not apply to libraries, teaching hospitals, and colleges and universities.
Assemblyman Simcha Eichenstein, who represents the Orthodox-populated Borough Park neighborhood in Brooklyn, said the state intervention became “critically urgent” following Mamdani’s veto of the school safety reporting bill. “If New York City fails to take the necessary steps to protect vulnerable New Yorkers, the State of New York must act,” said Eichenstein.
A City Hall spokesperson did not immediately respond to a request for comment regarding the state law.
The push for buffer zones followed repeated disruptive protests since the Oct. 7, 2023, Hamas attacks on Israel and the war in Gaza, focused on synagogues hosting real estate sales of property in Israel and in the West Bank. In recent months, protests outside the Park East Synagogue in Manhattan and Young Israel of Kew Gardens Hills in Queens featured antisemitic slogans and chants that Zionist organizations view as antisemitic.
The mayor has not intervened to discourage demonstrations. Following a recent clash between protesters and supporters of Israel outside a synagogue in Brooklyn, the mayor emphasized his support of “the constitutional right to protest and counter-protest” peacefully, without intimidation or hatred.
Jewish organizations and Orthodox leaders had pushed for stronger protections, arguing that some protests outside synagogues crossed the line from political expression into intimidation and harassment.
The UJA Federation of New York thanked Hochul and the bill sponsors for demonstrating “strong leadership in their unwavering effort to help ensure safe access to critical community institutions and safeguard the right to worship free of harassment and intimidation.”
Opponents of restrictions are expected to seek legal challenges to statewide restrictions, based on concerns about infringement on free speech rights in public spaces. Hochul said last month she’d defend it in court.
Jews For Racial & Economic Justice, a progressive group aligned with Mamdani, called the state legislation “disgraceful” and “an astonishingly irresponsible course of action.” Sophie Ellman-Golan, a JFREJ spokesperson, said “it’s outrageous and dangerous” that Hochul and members of the legislature chose to criminalize protest “at a time when the federal government is actively persecuting activists and organizers” in the name of Jewish safety.
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Woody Allen’s biggest fans were easy marks for a fake monologue about antisemitism
Those still wondering “what would Woody Allen say about today’s antisemitism” were treated to what looked like an answer last week in the form of a viral monologue bemoaning the price of coffee in a roast of Ivy-educated anti-Zionism.
The only issue: It seems to be entirely fake.
The post, according to X, where the post first gained traction, was initially posted in Spanish by a pro-Israel writer named Simy Benarroch and was originally the work of a previous Russian writer named Rami Yudovin.
As hoaxes go, this one seemed credible at first glance. It’s hard not to read it in Allen’s nasal voice. It has his cadence, his references to philosophers and the inclusion of an intrusive female relative that are his hallmarks, leading many who didn’t believe this to be genuine to conclude a prompt was fed through an AI mimic. (It’s not the first time something like this has happened.)
But there are tells for those looking. See the fourth paragraph, in which Allen encounters protesters outside a synagogue: “I was walking through Brooklyn thinking about death.”
From a ripe young age, Allen has perseverated on the end, but walking through Brooklyn? Now? That far from the Upper East Side? I’m skeptical.
This could all, of course, be a rhetorical flourish. The types of woke stereotypes the author plays with, i.e.: “someone with a scarf [presumably a keffiyah], who looks like he writes poems about his own beard, explains to you — with help from Heidegger and Nietzsche — why the existence of Jews is a form of aggression and a threat to humanity,” have a home in his native borough.
The thrust of this argument, that pro-Palestinian protesters use the language of the academy to justify the oldest hatred is hardly novel. They are in fact facile to the point of tracking with Allen’s own “witch hunt” comments about #MeToo (for which he said he should be the poster boy; he achieved this in a sense, but not in the way he meant.)
But if this is any type of Allen, it’s one of his characters, not the man himself.
“My grandmother, by the way, lived through actual Nazis,” the author writes, of hearing a protester indulging in Holocaust inversion. “She hid in a basement in Poland with a man who coughed so hard the Germans could have found them just from the bronchial racket.”
Allen’s grandparents were in the U.S. during World War II, but nice line.
John Podhoretz slammed this forgery, remarking how the real auteur has been “shamefully silent since October 7.”
This is an odd kind of indictment, aside from not being strictly true.
Who, exactly, would Allen reach in his activism for Jews? Should he shift to advocacy, he would likely find the exact same audience that shared the fake and found themselves nodding reverently along.
Perhaps this bodes well for Allen’s continued influence on the segment of the population still dying to hear his insights. Woody Allen may be 90, cancelled and taking a break from making movies, but Woody A.I.len can live forever.
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U.S. launches attacks on Iran as negotiations over a peace deal drag out
(JTA) — The United States announced it had launched defensive strikes on Monday in Southern Iran, targeting Iranian missile sites and boats it believed were placing mines.
The move threatens to derail an already fragile ceasefire between the United States, Iran and Israel aimed at giving the U.S. and Iran space to hammer out a deal to end the hostilities. It also comes as U.S. President Donald Trump told several Muslim allies participating in consultations over a deal that they should normalize relations with Israel in exchange for the U.S. inking the agreement.
U.S. Central Command Spokesperson Navy Capt. Tim Hawkin said in a statement issued Monday that strike targets “included missile launch sites and Iranian boats attempting to emplace mines.”
He added that U.S. forces “conducted self-defense strikes … to protect our troops from threats posed by Iranian forces,” and that CENTCOM “continues to defend our forces while using restraint during the ongoing ceasefire.”
The attacks were conducted in the port city of Bandar Abbas around the strait of Hormuz, according to Iran’s Islamic Revolutionary Guard Corps, as cited by CNN.
The strikes came just 24 hours after President Donald Trump posted on his Truth Social platform that he had instructed his representatives to “not rush into a deal,” stressing that “time is on our side.” Trump emphasized in the message that Iran “cannot develop or procure a Nuclear Weapon,” a key aim of the American military effort but one the president had not referred to in comments over the weekend that a deal was close.
Trump noted in another post Sunday that the deal was not yet “fully negotiated,” but that if he makes a deal with Iran it “will be a good and proper one,” and that he does not “make bad deals.”
Trump’s comments came as several GOP voices have expressed concerns about a deal he said Saturday was “largely negotiated.” Trump’s posts Sunday came after Sen. Ted Cruz (R-Texas) posted on X that the reported terms of the agreement would be a “disastrous mistake.”
Trump also stated on Truth Social Monday that Muslim countries should “mandatorily” sign on to the Abraham Accords as part of any agreement to end the war between Iran and Israel.
He named Saudi Arabia, Qatar, Pakistan, Turkey, Egypt and Jordan, though he said it might be possible for a couple to be exempted.
Following the U.S. strikes on Monday, Secretary of State Marco Rubio told reporters in India Tuesday that the Strait of Hormuz has to be open, “one way or the other,” and that negotiations with Iran could “take a few days.”
Meanwhile, several media outlets reported that Iran announced Tuesday that it had executed Gholamreza Khani Shekerab for alleged espionage and intelligence cooperation with Israel.
This article originally appeared on JTA.org.
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