|
March 10, 2023, 8:55 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:
The Department …, FDIC, New York Times, Wall Street Journal, Bloomberg, The Wrap, ZeroHedge, CoinDesk, PYMNTS.com, Associated Press, TechCrunch, Bloomberg, Financial Times, CoinDesk, Fortune, TechCrunch, Sifted, CNN, The Verge, Bank Automation News, The Information, TechCrunch, Reuters, Watcher Guru, Insider, Joseph's Thoughts, Sifted, CNBC, Associated Press, CoinJournal, CryptoSlate, Globe and Mail, Fortune, Newcomer, Livemint, MARK MCQUEEN'S BLOG, Newser, Ethereum World News, Heretic Speculator, Finextra, New York Post, dot.LA, WRAL TechWire, Crunchbase News, and Investor's Business Daily
LinkedIn:
Arjun Sethi, Caroline Wharton, Andrea Lisi, Scott Albro, Brian Gong, Janet Mui, John Stepek, Eunice Ajim, and Sahil Mansuri
Mastodon:
@dymaxion@infosec.exchange, @Popehat@mastodon.social, @mattblaze@federate.social, @ummjackson@mastodon.social, @briankrebs@infosec.exchange, @nikhileshde@journa.host, @dangillmor@mastodon.social, @ummjackson@mastodon.social, @maria@thelife.boats, @srepetsk@social.ridetrans.it, @wbm312@infosec.exchange, @wbm312@infosec.exchange, @wbm312@infosec.exchange, @fj@mastodon.social, @ddayen@mastodon.online, @steventdennis@journa.host, @ukuku@mstdn.social, and @downey@floss.social
Tweets:
@davidsacks, @grdecter, @parkerconrad, @bhargreaves, @bhargreaves, @repswalwell, @lulumeservey, @fdicgov, @thestalwart, @unusual_whales, @tier10k, @tier10k, @robblackwellab, @cramertracker, @garrytan, @ericnewcomer, @justinwolfers, @apatelthompson, @oneunderscore__, @roshanpatei, @alexandrascaggs, @zerohedge, @alistairmbarr, @thetranscript_, @nikitabier, @ellebeyoud, @brendanpedersen, @wallstcynic, @watcherguru, @shaig, @jeffjohnroberts, @alexrkonrad, @jsrailton, @dancow, @twobitidiot, @xenollamas, @cz_binance, @danprimack, @nmasc_, @ericnewcomer, @kevinyun, @immad, @jamespmcleod, @cjc, @brianroemmele, @amitranjan, @justinwolfers, @adamscochran, @kashhill, @edzitron, @alistairmbarr, @hugh_son, @tracyalloway, @erikvoorhees, @jenwieczner, @regulatorynerd, @jessicalessin, @smtuffy, @chopracfpb, @amir, @jasondebolt, @goldman, @marietjeschaake, @adamscochran, @mikeisaac, @thebondfreak, @wideofthepost, @jason, @zachweinberg, @byclairew, @0xc0le, @stevenkelly49, @anthony, @parikpatelcfa, @pinboard, @kgreifeld, @sruhle, @jamesgrickards, @thresh, @litcapital, @ow, @lopp, @cate_long, @kendrawrites, @thebondfreak, @brendanpedersen, @52kskew, @pitdesi, @grdecter, @msuster, @packym, @bigblackjacobin, @hhorsley, @semil, @shaig, @bhargreaves, @modestproposal1, @sifill_, @jasonzweigwsj, @danprimack, @pt, @bucknsf, @flying_mom, @bondhack, @nicoleperlroth, @scobleizer, @max_fisher, @johnpaczkowski, @justinwolfers, @oxdeadbeef_, @bhargreaves, @mikebutcher, @stshank, @schuldensuehner, @teroterotero, @mvpeers, @jamesclayton5, @msuster, @jp_koning, @shonaghosh, @bhargreaves, @film_girl, @lulumeservey, @startupljackson, @jonwu_, @josh_young_1, @rickasaurus, @scobleizer, @ciovaccocapital, @tier10k, @film_girl, @applehelix, @antoniogm, @dkthomp, @gunjanjs, @cfarivar, @thestalwart, @eperlste, @shaig, @bamabonds, @acityinohio, @jeffreyatucker, @maxkennerly, @iwriteok, @ellenhuet, @carnage4life, @espiers, @nickatfp, @jessicalessin, @danprimack, @charlesarthur, @hannahdlang, @davetroy, @fvogelstein, @dnak, @twobitidiot, @fdicgov, @brendanpedersen, @ruima, and @elidourado
| 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:
Decrypt, The Information, Insider, Los Angeles Times, CoinDesk, CNBC, Vox, Financial Times, The Atlantic, Yahoo Finance, DeviceSecurity.io, Fortune, Washington Post, New York Post, and Mercury News
Mastodon:
@theromit@mastodon.online. Tweets:
@carlquintanilla, @thestalwart, @dancow, @mckonomy, @annmlipton, @tcarmody, @stilichoreads, and @silviakillings
| 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, Forbes, Crunchbase News, TechCrunch, The Economic Times, Watcher Guru, Insider, Bloomberg, The Verge, VICE, PYMNTS.com, Inc42 Media, Bitcoin News, CoinGape, NBC Bay Area, New York Post, and Crypto Briefing
Mastodon:
@anthony@journa.host and @jack_daniel@mastodon.social
Tweets:
@jyarow, @danprimack, @jsrailton, @slate_akita, @anthony, @bobbrinker, @lopezlinette, @jonwu_, @amir, @peteryared, @business, @danprimack, @silviakillings, and @robinwigg
| 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?”
More:
The Economist, Financial Times, Bloomberg, Out of Carbon, Forbes, New York Times, CoinGape, PYMNTS.com, and Juan Aranovich
Mastodon:
@ernie@writing.exchange. Tweets:
@econompic, @sarthakgh, @mikeisaac, @jacobtamme, @nanduan, @film_girl, and @themaxburns
| TechCrunch: |
How startup founders are reacting to Silicon Valley Bank's collapse, as some worry about frozen funds, operating expenses, and paying employees 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:
Bloomberg, SFGATE, San Francisco Business Journal, Silicon Valley Business …, Axios, PitchBook, Forbes, The Verge, CNBC, U.S. Department …, and Fortune
Mastodon:
@44@macaw.social, @maxkennerly@mstdn.social, @jank0@sfba.social, @mimsical@mastodon.social, @joshsternberg@mstdn.social, @felix@saturation.social, and @jerry@infosec.exchange
Tweets:
@circle, @anthony, @jsrailton, @jsrailton, @cpa_trendlines, @yoda, @brianroemmele, and @alex
| Todd Spangler / Variety: |
Filing: Roku held ~26% of its $1.9B in cash and equivalents at SVB, “largely uninsured”, and says the remaining amount will be sufficient for at least 12 months — About one-fourth of Roku's cash and equivalents — nearly half a billion dollars — has been held in Silicon Valley Bank …
More:
SEC.gov, Engadget, CNBC, Insider, San Francisco Business Journal, Reuters, PitchBook, Fast Company, Bloomberg, Deadline, New York Post, and The Hollywood Reporter
Tweets:
@xpangler and @stephennellis
| 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, GeekWire, The Register, Financial Times, Insider, Exit Fuel 🛢️, NBC Bay Area, Bitcoin News, Silicon Valley Business …, and Crowdfund Insider
Tweets:
@danprimack, @pitdesi, @rabble, @danprimack, @besttrousers, @bcmerchant, @axios, @davidmwessel, and @alexjamesfitz
| Sarah Wynn / The Block: |
Filing: crypto lender BlockFi, which filed for bankruptcy protection in November 2022, has $227M in uninsured funds in Silicon Valley Bank — - Crypto lender Blockfi has millions in uninsured funds because the cash is a money market mutual fund, according to a bankruptcy document filed on Friday.| Lizette Chapman / Bloomberg: |
More:
The Information and CNBC
Mastodon:
@joshsternberg@mstdn.social and @TNLNYC@mastodon.social
Tweets:
@robinwigg, @fedguy12, @anshublog, @amir, @fedguy12, @0xfbifemboy, @fedguy12, @du09btc, and @jamespmcleod
| 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.
More:
Twitter is Going Great!, My Social Portal's …, and Mashable
Mastodon:
@paul@tapbots.social and @rodhilton@mastodon.social
Tweets:
@sparklingruby, @epro, @chrismessina, @ryanmaue, @stokel, @marshallk, and @0mgould. Thanks:@stokel
| 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 … | Wall Street Journal: |
Sources: Meta plans multiple rounds of layoffs over the coming months that in total would be roughly the same magnitude as its ~13% cut in November 2022 — New layoffs at Meta Platforms would follow cuts of around 11,000 employees started last year — Facebook-parent Meta Platforms Inc …
More:
The Information, Insider, Reuters, and The Verge
Tweets:
@susanlitv, @donnie_thedd, and @sal19
| 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, Engadget, Techdirt, Reuters, Fox Business, BBC, Forbes, Sky News, Variety, BigTechWire, CryptoPotato, MobileSyrup, Mashable, Agence France-Presse, New York Daily News, CoinDesk, ExtremeTech, ZDNet, Social Media Today, SiliconANGLE, Cryptopolitan, Newser, ToolsForCrypto's Newsletter, WRAL TechWire, RTÉ, CNBC, SlashGear, Gizmodo, and Tech.co
Mastodon:
@Gargron@mastodon.social. Tweets:
@deepsekharc, @deepsekharc, @epro, @giancarlochaux, and @ignactro
Sponsor Posts
Soxton:
Fast, affordable law for startups — Soxton automates startup legal so founders can move faster and sleep better. We handle incorporation, advisor, employment and commercial contracts. Join the waitlist for early access!
Fast, affordable law for startups — Soxton automates startup legal so founders can move faster and sleep better. We handle incorporation, advisor, employment and commercial contracts. Join the waitlist for early access!
F5:
Accelerate AI Adoption at F5's AI Virtual Summit — Learn how to architect, secure, and scale AI for production with real-world insights from industry leaders on June 23. Register now to save your spot.
Accelerate AI Adoption at F5's AI Virtual Summit — Learn how to architect, secure, and scale AI for production with real-world insights from industry leaders on June 23. Register now to save your spot.
Zoho:
Zoho RPA named a Leader in the 2026 RPA Technology Value Matrix by Nucleus Research — Zoho RPA has been named a Leader in the 2026 RPA Technology Value Matrix, published by Nucleus Research …
Zoho RPA named a Leader in the 2026 RPA Technology Value Matrix by Nucleus Research — Zoho RPA has been named a Leader in the 2026 RPA Technology Value Matrix, published by Nucleus Research …
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
Lenny's Podcast:
The hidden pattern behind successful products | Mark Pincus (founder of Zynga)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
SpaceX's IPO Triumph, Anthropic's Fable Fumble, OpenAI's Price War
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.
Access:
A top iPhone app developer reacts to Apple's new Siri
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
Subscribe to Access.
Hard Fork:
'Hard Fork' Live, Part 1: Satya Nadella and Cindy Cohn
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.
The Upstarts Podcast:
TBC's Alex Ksendzovsky: The Neurosurgeon Using Brain Cells To Build Better AI
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Tools and Weapons with Brad Smith:
AI's Mythos Moment: Rishi Sunak on preparing governments for AI
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 8:55 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
Axios:Erica Ryan / Reporters' Lab:
Marah Eakin / Current:
Upcoming Tech Events
Earlier Picks
| Financial Times: |
More:
Gadget Tendency, The Economic Times, Ars Technica, OSnews, DigiTimes, 9to5Mac, iPhone in Canada Blog, and MacDailyNews. Tweets:
@markc_anderson
| Filipe Espósito / 9to5Mac: |
More:
MacRumors, BigTechWire, The Verge, Gizchina, NextPit, GSMArena.com, XDA Developers, The Mac Observer, KnowTechie, iDownloadBlog.com, Patently Apple, Apple Must, and TechSpot. Tweets:
@dylanmcd8
| CoinDesk: |
More:
NY State Attorney General, Reuters, Bitcoin News, Protos, crypto.news, and CoinJournal
Tweets:
@newyorkstateag, @tier10k, @ap_abacus, @tier10k, @neerajka, @collins_belton, and @twobitidiot