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
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This entry was edited (2 years ago)
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Michał "rysiek" Woźniak · 🇺🇦
in reply to Michał "rysiek" Woźniak · 🇺🇦 • • •Hypercapitalist techbros already calling for, wait for it, government intervention!
What happened to "the market will solve it"?
"The market solves it" only if it's your money on the line, not their stock options.
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
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