Open Links In New Tab
Mobile Archives Site News
Techmeme
March 10, 2023, 7:30 PM
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Sponsor Events Newsletter

Top 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 …, CNBC, TechCrunch, New York Times, Wall Street Journal, SEC.gov, ZeroHedge, Fortune, Bloomberg, CoinDesk, Associated Press, Bloomberg, TechCrunch, Bank Automation News, CoinDesk, TechCrunch, TechCrunch, Financial Times, Sifted, CNN, The Verge, Insider, Bloomberg, The Information, Associated Press, Variety, Sifted, Deadline, CryptoSlate, dot.LA, Globe and Mail, Daring Fireball, Newcomer, MARK MCQUEEN'S BLOG, UKTN, Newser, Ethereum World News, Heretic Speculator, Finextra, New York Post, PYMNTS.com, WRAL TechWire, Crunchbase News, and Investor's Business Daily
LinkedIn: Caroline Wharton, Andrea Lisi, Scott Albro, Brian Gong, Janet Mui, Arjun Sethi, John Stepek, Eunice Ajim, and Sahil Mansuri
Mastodon: @steventdennis@journa.host, @ukuku@mstdn.social, and @downey@floss.social
Tweets: @laurenshirsch, @davidsacks, @grdecter, @parkerconrad, @bhargreaves, @bhargreaves, @repswalwell, @lulumeservey, @thestalwart, @unusual_whales, @fdicgov, @tier10k, @tier10k, @robblackwellab, @apatelthompson, @cramertracker, @garrytan, @ericnewcomer, @justinwolfers, @oneunderscore__, @roshanpatei, @alexandrascaggs, @zerohedge, @alistairmbarr, @thetranscript_, @nikitabier, @ellebeyoud, @twobitidiot, @brendanpedersen, @wallstcynic, @danprimack, @watcherguru, @shaig, @tracyalloway, @xenollamas, @cz_binance, @espiers, @jasonzweigwsj, @katienotopoulos, @bondhack, @teroterotero, @nmasc_, @ericnewcomer, @zachweinberg, @alistairmbarr, @amir, @kevinyun, @jessicalessin, @immad, @taylorlorenz, @brendanpedersen, @business, @jamespmcleod, @cjc, @brianroemmele, @amitranjan, @justinwolfers, @adamscochran, @kashhill, @edzitron, @hugh_son, @erikvoorhees, @jenwieczner, @regulatorynerd, @smtuffy, @chopracfpb, @amir, @jasondebolt, @goldman, @marietjeschaake, @adamscochran, @mikeisaac, @thebondfreak, @wideofthepost, @jason, @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_, @danprimack, @pt, @bucknsf, @flying_mom, @nicoleperlroth, @scobleizer, @max_fisher, @johnpaczkowski, @justinwolfers, @oxdeadbeef_, @bhargreaves, @mikebutcher, @stshank, @schuldensuehner, @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, @nickatfp, @jessicalessin, @danprimack, @charlesarthur, @hannahdlang, @davetroy, @fvogelstein, @dnak, @twobitidiot, @fdicgov, @ruima, @elidourado, @growing_daniel, @business, @heylizelle, @adamscochran, @jgreco, @mikeisaac, @arlanwashere, @kateclarktweets, @functi0nzer0, @pkedrosky, @arrington, @californiadfpi, @adamscochran, @ericnewcomer, @donmiami3, @macconwell, @rafat, @edzitron, @parkerconrad, @luke_metro, @etxeba, @jordanschachtel, @lexnfx, @pinboard, @jamestitcomb, @sarthakgh, and @sullycnbc
See also Mediagazer
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.
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
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?”
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 …
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 …
Lizette Chapman / Bloomberg:
VC firm Greenoaks warned its founders of potential problems at Silicon Valley Bank in a November 2022 email; 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 …
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.
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.
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 …
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.

Sponsor Posts

Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
CIO challenge 6: Can we find an effective solution that also minimizes operational costs?  —  Welcome to the next and final installment of our CIO series!  After what feels like a thousand cups of coffee …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Sponsor Techmeme
Techmeme Ride Home:
 Thu. 11/14 - The FBI (!) Investigating Polymarket
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
Sponsor this podcast
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:30 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

Charlotte Tobitt / Press Gazette:
An interview with Telegraph Director of Technology Dylan Jacques on the goal of launching 12 significant uses of AI in the newsroom over 12 months

Liam Scott / Voice of America:
Reporters Without Borders sues X in France for “complicity in disseminating false information”, after X failed to block a fake video with RSF's logo

Reuters:
Prince Harry's lawsuit against News Group Newspapers moves towards trial; all but one other litigant in the roughly 40 lawsuits against NGN have settled

More News

Earlier Picks

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
CoinDesk:
New York's AG sues KuCoin, alleging the Seychelles-based crypto exchange offers tokens, such as ETH, that meet the definition of a security, without registering
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Sponsor Events Newsletter