|
March 10, 2023, 5:35 PM
|
Mediagazer
memeorandum
WeSmirchTop News
| CNBC: |
California regulators close SVB and name the FDIC as the receiver to protect insured deposits; SVB ended 2022 with ~$209B in assets and $175.4B in deposits — Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday …
More:
FDIC, The Department …, TechCrunch, New York Times, Wall Street Journal, Fortune, Bloomberg, ZeroHedge, Sifted, TechCrunch, CoinDesk, TechCrunch, Insider, The Information, TechCrunch, Bloomberg, The Verge, BetaKit, Finextra, Sifted, Globe and Mail, crypto.news, Newcomer, Cryptopolitan, Heretic Speculator, UKTN, New York Post, MARK MCQUEEN'S BLOG, Ethereum World News, Forbes, Axios, Financial Times, Newser, PYMNTS.com, WRAL TechWire, and Investor's Business Daily
LinkedIn:
Arjun Sethi, John Stepek, Eunice Ajim, Sahil Mansuri, and Kristina Hooper
Mastodon:
@steventdennis@journa.host, @ukuku@mstdn.social, and @downey@floss.social
Tweets:
@davidsacks, @laurenshirsch, @parkerconrad, @bhargreaves, @bhargreaves, @thestalwart, @grdecter, @lulumeservey, @tier10k, @repswalwell, @alistairmbarr, @oneunderscore__, @unusual_whales, @fdicgov, @tier10k, @apatelthompson, @ericnewcomer, @robblackwellab, @xenollamas, @cramertracker, @roshanpatei, @alexandrascaggs, @garrytan, @thetranscript_, @nikitabier, @ellebeyoud, @katienotopoulos, @bondhack, @teroterotero, @wallstcynic, @zachweinberg, @alistairmbarr, @amir, @jessicalessin, @taylorlorenz, @brendanpedersen, @business, @modestproposal1, @mikeisaac, @erikvoorhees, @cate_long, @karlbode, @charlesarthur, @shaig, @maxkennerly, @kendrawrites, @anthony, @lexnfx, @decloet, @josephpolitano, @antoniogm, @twobitidiot, @goldman, @anthony, @max_fisher, @pkedrosky, @sifill_, @nycjim, @asanwal, @nmasc_, @ericnewcomer, @watcherguru, @jamestitcomb, @ellenhuet, @cz_binance, @sruhle, @regulatorynerd, @cloud_opinion, @kevinyun, @immad, @ericnewcomer, @jamespmcleod, @cjc, @brianroemmele, @amitranjan, @justinwolfers, @adamscochran, @kashhill, @edzitron, @hugh_son, @jenwieczner, @smtuffy, @chopracfpb, @amir, @jasondebolt, @marietjeschaake, @adamscochran, @mikeisaac, @thebondfreak, @wideofthepost, @jason, @byclairew, @0xc0le, @stevenkelly49, @parikpatelcfa, @pinboard, @kgreifeld, @jamesgrickards, @thresh, @litcapital, @ow, @lopp, @thebondfreak, @brendanpedersen, @52kskew, @pitdesi, @grdecter, @msuster, @packym, @bigblackjacobin, @hhorsley, @semil, @shaig, @bhargreaves, @modestproposal1, @danprimack, @pt, @bucknsf, @flying_mom, @nicoleperlroth, @scobleizer, @johnpaczkowski, @justinwolfers, @oxdeadbeef_, @bhargreaves, @mikebutcher, @brendanpedersen, @stshank, @schuldensuehner, @mvpeers, @jamesclayton5, @msuster, @jp_koning, @shonaghosh, @bhargreaves, @film_girl, @lulumeservey, @startupljackson, @jonwu_, @josh_young_1, @rickasaurus, @scobleizer, @ciovaccocapital, @tier10k, @film_girl, @applehelix, @dkthomp, @gunjanjs, @cfarivar, @thestalwart, @eperlste, @shaig, @bamabonds, @acityinohio, @jeffreyatucker, @iwriteok, @zerohedge, @carnage4life, @nickatfp, @jessicalessin, @danprimack, @hannahdlang, @davetroy, @fvogelstein, @dnak, @fdicgov, @ruima, @elidourado, @growing_daniel, @business, @heylizelle, @adamscochran, @jgreco, @arlanwashere, @kateclarktweets, @functi0nzer0, @arrington, @californiadfpi, @adamscochran, @donmiami3, @macconwell, @rafat, @edzitron, @parkerconrad, @luke_metro, @etxeba, @jordanschachtel, @pinboard, @sarthakgh, @sullycnbc, @kateclarktweets, @kiarichards_, @taylorlorenz, @seawolfcap, @eug_ng, @sama, @nickadobos, @chriscamillo, @alexrkonrad, @kateclarktweets, and @luke_broyles
| Jesse Pound / CNBC: |
Sources: Silicon Valley Bank parent company SVB Financial fails to find a buyer as a bank run outpaced the sales process, after SVB failed to raise $2.25B — SVB Financial , parent of Silicon Valley Bank, is in talks to sell itself, sources told CNBC's David Faber.
More:
CoinDesk, Newcomer, CNBC, The Information, Bloomberg, Insider, TechCrunch, The Economic Times, VICE, Inc42 Media, PYMNTS.com, Bitcoin News, CoinGape, NBC Bay Area, New York Post, Crunchbase News, Crypto Briefing, and The Verge
Tweets:
@jyarow, @danprimack, @slate_akita, @anthony, @bobbrinker, @lopezlinette, @jonwu_, @amir, @peteryared, @business, @danprimack, @silviakillings, @robinwigg, and @mvpeers
| Marc Rubinstein / Net Interest: |
A closer look at the collapse of Silicon Valley Bank, the 16th largest US bank whose unrealized losses snowballed from $0 in June 2021 to $16B by September 2022 — The Rapid Collapse of the 16th Largest Bank in America — “When you're not working, what do you do to de-stress?”| Matt Levine / Bloomberg: |
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality — Programming note: Money Stuff was supposed to be off today, but: bank run! — SVB
More:
Bank Automation News, CNBC, Mercury News, Washington Post, Financial Times, Los Angeles Times, and Quartz
Tweets:
@taylorlorenz, @alistairmbarr, @mattrosoff, @rakeshlobster, @mckonomy, @annmlipton, @silviakillings, @tcarmody, and @walthickey
| Lizette Chapman / Bloomberg: |
Email: VC firm Greenoaks warned its founders of potential problems at Silicon Valley Bank in November 2022; a source says 12+ portfolio startups withdrew ~$1B — Venture investment firm Greenoaks Capital Partners warned its startup founders of potential problems at SVB Financial Group's Silicon Valley Bank …
More:
The Information, The Economic Times, Livemint, CNBC, GeekWire, New York Times, Technical.ly, Inc42 Media, Stock Quest, Moneycontrol, and Tech Startups
Tweets:
@robinwigg, @fedguy12, @denniskelleher, @fedguy12, @0xfbifemboy, @fedguy12, @du09btc, @jamespmcleod, @ferrotv, @somospostpc, @thetranscript_, @alex, and @ukarlewitz
| Dan Primack / Axios: |
The FDIC says SVB clients with deposits above $250K will get “an advance dividend within the next week”; many SVB clients need to meet their payroll on March 15 — The U.S. government on Friday assumed control of Silicon Valley Bank and its billions of dollars in customer deposits …
More:
TechCrunch, Bloomberg, The Register, Ars Technica, Financial Times, Silicon Valley Business …, NBC Bay Area, Bitcoin News, and Crowdfund Insider
Tweets:
@danprimack, @pitdesi, @nmasc_, @danprimack, @mims, @georgenhammond, @alexjamesfitz, @besttrousers, @davidmwessel, @bcmerchant, @carnage4life, @rabble, and @axios
| TechCrunch: |
How founders are reacting to Silicon Valley Bank's collapse, as some worry about operating expenses and paying employees their full salaries — Engineers at Polymath Robotics were working late Wednesday night on multiple projects when co-founder and CEO Stefan Seltz-Axmacher noticed chatter …
More:
U.S. Department …, CNBC, Axios, and The Economic Times
Tweets:
@stephennellis, @alexweprin, @brianroemmele, @cpa_trendlines, @yoda, @dominicmadori, @cullend, @alex, and @bayareawriter
| Casey Newton / Platformer: |
Meta is exploring a standalone decentralized social network for sharing text updates; the app, codenamed P92, will reportedly let users log in with Instagram — Is this the Twitter replacement we've been waiting for? … Twitter's decline is paving the way for other platforms to build next-generation replacements.
More:
Moneycontrol, TechCrunch, Reuters, Engadget, BBC, PCMag, Techdirt, ZDNet, CNN, ExtremeTech, Newser, Mashable, Social Media Today, CoinDesk, ToolsForCrypto's Newsletter, SiliconANGLE, SlashGear, Observer, Coinspeaker, Coinmonks, gHacks Technology News, Cryptopolitan, crypto.news, CNBC, Gizmodo, Tech.co, Silicon Republic, and Watcher Guru
Mastodon:
@matt@isfeeling.social. Tweets:
@banklesshq, @sriramk, @epro, @stillgray, @originalspin, @giancarlochaux, @ignactro, @producthunt, @chafkin, and @mgsiegler
| Filipe Espósito / 9to5Mac: |
Kuo: Apple plans to unveil a redesigned HomePod with a built-in 7-inch display in H1 2024, enabling tighter integration with Apple's other hardware products — Apple this year introduced a new HomePod that looks exactly like the original model announced in 2017 and discontinued in 2021.| Carly Page / TechCrunch: |
Cloud software company Blackbaud settles with the SEC for $3M over its “misleading disclosures” about a May 2020 ransomware attack that affected 13K+ customers — Software house Blackbaud has agreed to pay $3 million to settle charges related to a May 2020 ransomware attack … | Chris Stokel-Walker / Wired: |
Leaked docs: Twitter's API access Enterprise Packages start at $42K/month for 50M tweets, or ~0.3% of its monthly output, 25K filters, and 50K archive queries — Tiers will start at $500,000 a year for access to 0.3 percent of the company's tweets. Researchers say that's too much for too little data.| Arjun Kharpal / CNBC: |
Bitcoin falls ~8% to ~$19,900, a near two-month low, and ether falls 8%+ to ~$1,400, after US stocks drop and Silvergate Capital and Silicon Valley Bank implode — - Bitcoin fell below $20,000 on Friday hitting a near-two month low after a stock market sell-off in the U.S.
More:
CoinDesk, New York Post, Washington Post, Fortune, CoinDesk, Bitcoin News, Cointelegraph, and Tech Startups
Tweets:
@ap_abacus, @carnage4life, and @smtuffy
Sponsor Posts
Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Subquadratic: the LLM built for 12M-token reasoning — SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds. Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cape:
Most carriers track everything. Cape doesn't. — Unlimited talk, text & data, 24-hr metadata deletion, network ID rotation, SIM-attack defense, and more. Switch today and get 29% off for life.
Most carriers track everything. Cape doesn't. — Unlimited talk, text & data, 24-hr metadata deletion, network ID rotation, SIM-attack defense, and more. Switch today and get 29% off for life.
Zoho:
Introducing Zoho Expense MCP: Turn conversations into expense workflows — Artificial intelligence (AI) has already changed how we search for information, summarize documents, and analyze data.
Introducing Zoho Expense MCP: Turn conversations into expense workflows — Artificial intelligence (AI) has already changed how we search for information, summarize documents, and analyze data.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Big Technology Podcast:
Demis Steps Down, Apple's Memory Problem, Microsoft's Clever Trick
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Hard Fork:
The White House's Secret A.I. Rules + The State of Model Alignment With METR's Chris Painter + The Final Hot Mess Express
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Channels with Peter Kafka:
Oliver Darcy on Status, Bari Weiss, and Why Media Reporters Are Too Soft
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Training Data:
Chai Discovery's Bitter Lesson: Drug Design Is Another Scaling Problem
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Invest Like the Best:
Gavin Baker - AI Market Jitters
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Tools and Weapons with Brad Smith:
Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 5:35 PM ET, March 10, 2023.
The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.
From Mediagazer
Todd Spangler / Variety:Dade Hayes / Deadline:
Ted Johnson / Deadline:
Upcoming Tech Events
Earlier Picks
| Financial Times: |
More:
Gadget Tendency, DigiTimes, 9to5Mac, iPhone in Canada Blog, MacDailyNews, Ars Technica, iMore, and BGR
Tweets:
@gokul_sahni, @markc_anderson, and @nongratadesi
| CoinDesk: |
More:
NY State Attorney General, Reuters, Axios, Inside Bitcoins, Cointelegraph, Protos, crypto.news, Crypto Daily, CoinJournal, and Blockworks
Tweets:
@newyorkstateag, @tier10k, @ap_abacus, @tier10k, @neerajka, @collins_belton, @twobitidiot, @ericgarland, and @citronresearch