NEW YORK, Jan 24 — California may use powers never employed in its 77-year history, seizing private land for public use to end a battle between surfers and billionaire venture-capital investor Vinod Khosla, who has been locking a gate at his beach property along California’s Pacific Coast. Bloomberg’s Alison Vekshin reports on “Taking Stock.” — Bloomberg

Vinod Khosla has tried to prevent the public from accessing a beach near his property. — Bloomberg pic