Californian Governor Gavin Newsom Receives Heavy Criticism Following Boastful Social Media Post

By: Ben Campbell | Last updated: Jul 08, 2024

California Governor Gavin Newsom has received heavy criticism online after a recent social media post boasting that his state has the most Fortune 500 companies. 

Newsom’s post, intended to showcase the success of businesses in the Golden State, has underscored a growing disconnect. Many residents who face the daily challenges of life in California have found his comments dismissive and out of touch. 

Growing Problems in California

Once hailed as the pinnacle of the American allure, California has continued to decline in popularity in recent years due to a plethora of problems, including rising costs, increased homelessness and crime, and an unreliable supply of energy and water. 

A person walks with carts in the rain near an encampment of unhoused people in Skid Row

Source: Mario Tama/Getty Images

Yet, despite the problems on the streets, Gavin Newsom continues to allege the state is doing well and even recently took to social media to boast about their financial success, a decision he would soon come to regret. 

Newsom Boasts On X

At the beginning of June, Newsom took to X to share a short message about the state’s recent success with Fortune 500 companies. 

In this photo illustration, the logo of US online social media and social networking site 'X'/ A bronze statue of a female figure holding scales, which represents justice

Source: Matt Cardy/Getty Images/Freepik

“Huge — and something you definitely won’t hear on Fox News tonight. For the first time in 10 years, CA is officially home to the most Fortune 500 companies. More than Texas. More than Florida. 57 incredible and booming companies right here in the Golden State,” wrote the governor. 

Californians React to Newsom’s Comments

Californians wasted no time in responding to Newsom’s comments, with many alleging the governor misunderstood his priorities.


Source: Alex Green/Pexels

According to the Daily Mail, state residents believe Newsom should be more concerned with crime, housing, drugs, and the enormous budget deficit than the stock market. 

Worse Off Than Ever

According to one X user, @MerrickGarlands “This is not the win you think it is. We’re bleeding residents and businesses every day. As a resident of CA, I can confirm we are even worse off than we’ve ever been in Southern CA.”

A photograph of a couple doing their finances

Source: Freepik

They continued, “No water to use freely. We get notices about being fined if we simply water our lawn and this clowns sitting here yapping away about companies he has nothing to do with being on the Fortune 500 list who are probably simultaneously packing up to leave us.”

X Users Continue to Criticise Newsom

One X user even called Newsom a clown for his role in the state’s enormous $45 billion deficit. 

A man is pictured using his smartphone in his home

Source: Freepik

“You clown, we’re in a almost $45B deficit— we have illegals pouring through our southern CA border, you’re giving away American resources to illegals, our hospitals are overrun, our social services, workers, and systems are overwhelmed, overworked and underpaid, and you’re sitting here popping off about something you have nothing to do with,” wrote @Liberacrat. 


The Rich Get Richer

The prominent social media figure JD Sharp commented on Newsom’s statement, alleging that Newsom cares more about the rich than the middle and lower classes who are currently struggling. 

A man wearing orange sunglasses. He is holding many $100 notes fanned out


“Cool, the rich are getting really, really rich and the middle class are becoming poor!’ wrote JD Sharp. ‘Welcome to sunny, socialist California!!”


California Leads the Way For AI Companies

Despite the backlash online, Newsom continues to promote California as a state that ranks high when it comes to business. On his website, he claims the Golden State is home to 35 of the 50 largest AI companies in the world. 



He goes on to claim California sits as number one when it comes to new business startups, venture capital funding, and industries such as high-tech, agriculture, and manufacturing,


5th Largest Economy in the World

There’s no denying California has a great track record when it comes to businesses, and it boasts one of the largest economies in the world. 

A digital illustration of the U.S. economy

Source: iStock

In 2023, the state’s total GDP was around $3.9 trillion, an increase of around 6.1 percent from the previous year, making it the fifth-largest economy in the world. However, this economic success is not evenly distributed, with many Californians struggling to make ends meet.


Fortune 500 Companies in the Bay Area

Of the 57 Fortune companies Newsom mentions as thriving in the Golden State, 44 are in the Bay Area, and most are in the booming tech industry. 

A smartphone leaning against a computer screen. On both screens are various graphs, stocks and shares information.

Source: Marga Santoso/Unsplash

California took first place as the state with the most Fortune 500 companies for the first time since 2014. This came in spite of five Californian companies falling off the list in 2024. However, they were replaced by nine others, including DoorDash, Clorox, and Workday. 


Shrinking Population in the Golden State

Despite Newsom’s intention to promote California’s corporate success, critics continue to point out that the problems continue to outweigh the positives.

Many cars and people heading to Woodstock in 1969.

Source: James M Shelley/Wikimedia Commons

One such problem is the Golden State’s declining population. Over 340,000 people have migrated to another state, reflecting their dissatisfaction with the current conditions in California. 


Newsom Needs to Reevaluate

One X user suggested that Newsom should pay attention to the exodus of residents, writing, “Funny how many people have been voting with their feet and fleeing your state!” 

Gavin Newsom with his face turned to the side.

Source: Chip Somodevilla/Getty Images

Going forward, the Californian leader may need to reevaluate his priorities to ensure the state’s residents are content with his governance. If not, he may struggle to win back the support of many Golden State residents who firmly believe change is warranted in the region.