The US Treasury, Federal Reserve, and the FDIC: all Silicon Valley Bank depositors will be "fully" protected, and their money will be available on March 13 (U.S. Department of the Treasury) - TechnW3
Reviewed by
TechNW3
on
15:41
Rating:
5
Sources: US officials are considering the extraordinary step of protecting all uninsured SVB deposits, if the FDIC is unable to find a buyer for the failed bank (Washington Post) - TechnW3
Reviewed by
TechNW3
on
12:41
Rating:
5
Sources: the FDIC is racing to sell SVB's assets and make 30% to 50% or more of clients' uninsured deposits available as soon as Monday (Bloomberg) - TechnW3
Reviewed by
TechNW3
on
16:41
Rating:
5
In an email to sellers, Etsy warns that the SVB collapse is causing delays in processing payments; one seller says it would be "catastrophic" for his business (Rob Wile/NBC News) - TechnW3
Reviewed by
TechNW3
on
15:41
Rating:
5
Meta says it plans to block Canadians' ability to view or share news content on Facebook and Instagram if the country's proposed Online News Act becomes law (Marie Woolf/Globe and Mail) - TechnW3
Reviewed by
TechNW3
on
14:41
Rating:
5
An interview with Gowalla co-founder and CEO Josh Williams as he re-launches his location-based social networking app at SXSW, 14 years after its debut (Darrell Etherington/TechCrunch) - TechnW3
Reviewed by
TechNW3
on
13:41
Rating:
5
SBV collapse led to finger-pointing, as some crypto advocates preach and scold while some investors argue crypto collapses set the stage for SVB's collapse (New York Times) - TechnW3
Reviewed by
TechNW3
on
12:41
Rating:
5
Twitter is in decline and less stable under Elon Musk, echoing LiveJournal and Tumblr falling apart under new ownership that didn't understand their communities (Gita Jackson/The Verge) - TechnW3
Reviewed by
TechNW3
on
11:41
Rating:
5
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 (Todd Spangler/Variety) - TechnW3
Reviewed by
TechNW3
on
16:41
Rating:
5
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 (Wall Street Journal) - TechnW3
Reviewed by
TechNW3
on
15:41
Rating:
5