These news sources don't actually care. If you've followed SF news for any length of time, what you'll realize is how extremely thin-skinned they are about any

These news sources don't actually care. If you've followed SF news for any length of time, what you'll realize is how extremely thin-skinned they are about any criticism. "Doom loop!? Stop making it worse." As if bad press is the root of the problems they face. What that regional tech industry morphed into post dotcom-bubble was a machine that required interchangeable, replaceable butts in seats to financialize existing business models. The city of SF, the Bay Area region, and California as a whole recognize this centrality was key to their successes and less about talent than they'd wish. The VC community there, which is notoriously trendy and short-term, realizes that they have no leverage or advantage without that concentration. Hence the panic (that's been going on well before COVID).