Good job on missing the point.
There are many advantages for doing business with local firms. They understand our market and city's challenges and issues better, are more inclined to hire domestically/locally, and more interested in following our rules and regulations due to their invested interest in maintaining good will and relations with the public, city staff, and officials for their continued cooperation on future projects.
The universality of these foreign tech giant's reach means they gain from our environment but are not required to obey our rules and regulations. Uber did not have to seek permission to launch a service in Toronto, neither did AirBNB. They just... could, and we had few forms of reprisal. Similarly, SWL's actual employees are in New York. They actually don't understand the site specificity required to pull off a project like this. This is evidenced very recently by their CEO seemingly not knowing what the state of the Waterfront LRT is, but also with their general lack of understanding of the Toronto housing market, their complete disregard for the OBC, and their presumptuous pretensions over eventual control of the Portlands.
Toronto has more than enough companies to pull off a project like Quayside. Why are we taking the risk with Sidewalk, and why are public officials giving them preferential treatment?