After Zohran Mamdani clinched the New York City mayoral race on Tuesday night, his campaign announced former FTC chair Lina Khan as one of the transition team’s four co-chairs.

Khan has been an ally of Mamdani’s, praising him in a New York Times op-ed about his outreach to small business owners. But her appointment to a formal role on his transition team sends a message to Wall Street and the tech industry, whose most powerful players have already been critical of Mamdani, a Democratic socialist who ruffled the feathers of the tech elite by criticizing billionaires and proposing a 2% tax of incomes over $1 million.

“What we saw last night was New Yorkers not just electing a new mayor, but clearly rejecting a politics where outsized corporate power and money too often end up dic

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