Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
The workers at eBay-owned TCGplayer, a marketplace for trading card games such as Magic: The Gathering, have voted in favor of joining a union. eBay purchased the company in 2022 for a deal valued up to $295 million, but the website continues to operate independently. Now that all 272 non-supervisory workers at the company’s authentication…
from the make-it-so dept Over the last couple of weeks there have been a number of interesting developments regarding protocol-based, decentralized social media, and each time I plot out an article about it, something else pops up to add to the story, including Thursday evening as I finally started writing this and news broke that…
NEW YORK, March 10 (Reuters) – SVB Financial Group Inc’s (SIVB.O) shutdown and takeover by banking regulators on Friday can be traced to the U.S. Federal Reserve raising interest rates and souring the risk appetite of investors. Here is the sequence of events that led to Silicon Valley Bank’s failure: FEDERAL RESERVE RAISES RATES The…
March 11 (Reuters) – In the middle of last week, Moody’s Investors Service Inc delivered alarming news to SVB Financial Group (SIVB.O), the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank’s credit. That phone call, described by two people familiar with the situation, began the process toward Friday’s spectacular…
Programming note: Money Stuff was supposed to be off today, but: bank run! SVB The lesson might be that there are some industries that are bad to bank. Imagine that it was 2021, and someone was like “do you want to start the Bank of Crypto? What about the Bank of Venture-Backed Tech Startups?”…
https://sfstandard.com/housing-development/silicon-valley-bank-collapse-san-franciscos-affordable-housing-limbo/ Affordable housing projects in San Francisco could be in peril after the sudden collapse of Silicon Valley Bank, which not only counts tech startups among its clientele but also manages assets for many low-income housing developers in the region. A high-ranking City Hall official told The Standard that at least two affordable housing projects…
Payroll service provider Rippling facing processing delays ‘Tens of thousands of people’ may not get paid next week The Impact of SVB on the VC Industry March 10, 2023, 7:23 PM UTCUpdated onMarch 11, 2023, 2:42 AM UTC Startup founders are beginning to worry about whether they’ll be able to keep paying employees following the…
The Standards Council of Canada has approved an IT-related standard which would eliminate new data silos and copies when organizations adopt or build new applications, thus apparently preventing any data copies being made with new applications. However, last-time integration could bring in legacy data via copies. The CAN/CIOSC 100-9, Data governance – Part 9: Zero-Copy…
Silicon Valley Bank has been closed by regulators, which are now in charge of the bank’s deposits, according to a release sent out by the Federal Deposit Insurance Corporation on Friday. While banking activities in SVB’s 17 branches are closed today, SVB’s operations will resume on Monday — this time, with the FDIC in charge….
Engineers at Polymath Robotics were working late Wednesday night on multiple projects when co-founder and CEO Stefan Seltz-Axmacher noticed chatter about Silicon Valley Bank in a YC founder WhatsApp group. The conversation was related to an article published that day about SVB’s plan to launch a $2.25 billion share sale and an agreement by General…