Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
LATEST March 10, 3:10 p.m. Rippling relied on Silicon Valley Bank to process its customers’ employee paychecks, but when the bank suddenly collapsed, the human resources startup had to quickly pivot. The firm’s CEO, Parker Conrad, posted an update Friday afternoon, saying that though SVB’s systems indicated that payments were processed, money hadn’t actually gone…
Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday, in what is the largest U.S. bank failure since the global financial crisis more than a decade ago. The collapse of SVB, a key player in the tech and venture capital community, leaves companies and…
Download this press release (PDF) SAN FRANCISCO – The California Department of Financial Protection and Innovation (DFPI) announced today that, pursuant to California Financial Code section 592, it has taken possession of Silicon Valley Bank, citing inadequate liquidity and insolvency. The DFPI appointed the Federal Deposit Insurance Corporation (FDIC) as receiver of Silicon Valley Bank….
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The chief executive of Silicon Valley Bank SIVB, -60.41% cashed out stock and options for a $2.27 million net gain in the weeks before Friday’s collapse, public filings show. CEO Greg Becker exercised stock options — meaning he paid money to convert his options into stock — and then immediately sold the stock on Feb….
from the “anonymized”-doesn’t-mean-anonymous dept We’ve noted for a very long while how most of the explanations that corporations use to insist that your privacy is protected are effectively worthless. For example, corporations will routinely inform you that it’s no big deal that they’re over-collecting and selling access to your browsing or location data to any…
Because The U.S. Is Too Corrupt To Pass Privacy Legislation, Data Brokers Increasingly Traffic In Sensitive Mental Health Data from the have-you-ever-noticed-that-making-money-is-the-only-thing-we-actually-care-about dept We’ve noted for a long while that the performative hysteria surrounding TikTok is basically a giant distraction from our failures on consumer protection and privacy legislation. Case in point: the growing number…
This is a post about journalism, privacy, and the common assumption that we can’t have one without sacrificing at least some of the other, because (the assumption goes), the business model for journalism is tracking-based advertising, aka adtech. I’ve been fighting that assumption for a long time. People vs. Adtech is a collection of 129 pieces…
Mobile advertising is big business, and where money flows, fraudsters follow. Last year, advertisers spent over $327 billion targeting users as they engaged with popular mobile apps, but as HUMAN Security announced yesterday, a chunk of that spending went into the pockets of fraudsters who successfully launched a massive ad fraud scheme. HUMAN discovered the…
For many viewers of the Super Bowl, one ad amid the beer and tax software and car commercials may be particularly surprising. It might look something like this: A guitar strums a melancholy tune. Black and white photos, depicting mothers, fathers, and sons living in what looks to be impoverished Central American towns, cycle through….