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Silicon Valley Bank collapse sends tech startups scrambling
edition.cnn.com/2023/03/10/tec…

That story again:

#SiliconValley tech startups learn first hand about the dangers of centralization. 👀

#SVB

🧵

This entry was edited (1 year ago)
in reply to Michał "rysiek" Woźniak · 🇺🇦

Hypercapitalist techbros already calling for, wait for it, government intervention!

What happened to "the market will solve it"? :blobcatthinking:

"The market solves it" only if it's your money on the line, not their stock options. :blobcatthinksmart:

Remember all this bullshit about "we get the big payouts because we take the big risks"? Yeah, well… observe what happens when the risks actually materialize. Crying for risk-mitigating bailout *checks notes* literally the next day.

#SVB

🧵

#svb
This entry was edited (1 year ago)