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Items tagged with: svb


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

🧵


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


Feb 14, 2023 #SVB

“Forbes’ America’s Best Banks 2023”

forbes.com/lists/americas-best…

#svb


Silicon Valley startups: We're libertarian, hate government regulation and oversight, and believe every person and business should be accountable for its own decisions and mistakes.

Also Silicon Valley startups: OMG,
#SVB has failed. The government better do a bailout, and the FDIC must protect all our assets expediently!

amp.cnn.com/cnn/2023/03/10/inv…

#svb