#SILICONVALLEY News, Headlines and Posts

#SILICONVALLEY News

Crypto Pundits Romance the Hyperinflation and Dollar Death Narrative. Is It a Real Scare?

coindesk.com It has recently reached a fever pitch on Crypto Twitter, thanks to venture capitalist and angel investor Balaji Srinivasan saying he'd wager that bitcoin will hit the $1…

Bitcoin Edges Below $28K as Investors Weigh Deutsche Bank Contagion Fears

coindesk.com Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at Consensus 2023. Hear Alex Thorn share his take on "Bitcoin and Inflation: It’s Complicated” at…

The Psychology Of Panic: What Toilet Paper Hoarding Teaches Us About Silicon Valley Bank’s Failure

forbes.com Something curious happened during the early months of the COVID-19 pandemic: people across the country began hoarding toilet paper. From February to March of 2020, toilet…

Yellen chairs meeting of FSOC regulators amid banking turmoil

reuters.com U.S. Treasury Secretary Janet Yellen chaired a closed meeting of the Financial Stability Oversight Council on Friday, the Treasury said as markets continued to seesaw amid…

Q&A: Heatmap founder and EIC wants to do for climate what Wired did for tech in the nineties

cjr.org EACH MONTH, Covering Climate Now speaks with different journalists about their experiences on the climate beat and ideas for pushing our craft forward. This week, we spoke…

Fed explains why Custodia got an ‘F’ on its examination

theblock.co The Federal Reserve published its previously announced rejection of Custodia Bank’s application to become a member of the Fed system, citing the lender's management,…

Silicon Valley’s Realtors, Like Its Bankers, Are Having a Tough Month

theinformation.com In early March, Ken DeLeon, founder of DeLeon Realty, a Silicon Valley–based brokerage that sold more than $1 billion in homes in 2021, called one of his venture capitalist…

Why the FDIC Shouldn’t Allow a Foreign Concern to Buy SVB

forbes.com In the aftermath of the spectacular failure of Silicon Valley Bank, the FDIC recently extended the bidding process to take over its successor entity, Silicon Valley Bridge…

National Embarrassment: Saudi TV Mocks Biden In Skit

zerohedge.com National Embarrassment: Saudi TV Mocks Biden In Skit Authored by Steve Watson via Summit News, If there was ever any doubt that Joe Biden has made the U.S. an international…

Tether Claims $1.6 Billion In Excess Reserves To Back Its Stablecoin

bitcoinist.com The number one stablecoin by market cap has announced it will reach $1.6 billion in excess reserves of Tether (USDT). The firm estimates this figure for the March quarter.…

Shares of Germany's largest lender Deutsche Bank fall amid global jitters over banks

pbs.org Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s…

Visa’s stock has paid off big over its 15 years. Can the payments giant continue that success from here?

marketwatch.com Visa Inc. shares have shot up nearly 1,900% from the price of the company’s historic initial public offering, which took place 15 years ago this past weekend. The company…

Threading the needle: Exploring 5 ideas with the founders of LGBT+ VC

techcrunch.com Silicon Valley’s full of people from all walks of life, but very little of its wealth is distributed evenly, especially when we’re talking about the LGBTQ+ community.…

Venture capitalists race to land next AI deal on Big Tech's turf

reuters.com PALO ALTO, California, March 24 (Reuters) - In December and January, several venture capitalists from the U.S. and Britain raced to Paris to vie for a stake in a new…

Major lenders tell employees not to poach clients from stressed banks

thehill.com The nation’s largest banks are telling employees not to steal clients from banks under stress as a wave of uncertainty looms over the financial industry following the…

World Athletics Bans Trans

zerohedge.com World Athletics Bans Trans Authored by Steve Watson via Summit News, The World Athletics international governing body has announced that it will not allow trans identifying…

Silicon Valley Bank Bust Ripples Through Retail Industry

forbes.com As a financier of choice for digital innovators, Silicon Valley Bank’s (SVB) recent collapse will be felt across many industries, including the consumer-facing companies…

Deutsche Bank shares drop amid global jitters over banks

washingtonpost.com FRANKFURT, Germany — Shares in Deutsche Bank fell sharply Friday, dragging down major European banks and leading German Chancellor Olaf Scholz to express confidence in the…

Michael Saylor: Bitcoin Pumps a "Come to Jesus" Moment for Skeptics

coinfomania.com Bitcoin’s price rally over the past few weeks has once again proved its position as a hedge against economic conditions. On Tuesday, the famous YouTuber Scott Melker hosted…

Sam Altman didn't take any equity in OpenAI, report says

cnbc.com Sam Altman, president of Y Combinator, pauses during the New Work Summit in Half Moon Bay, California, U.S., on Monday, Feb. 25, 2019. OpenAI's ChatGPT unleashed an arms…

ESPN preps layoffs, Intersect launches, Bankadelic hits 20K mark: TBN Ticker for Fri. March 24

talkingbiznews.com In this week’s ticker, check out our editor and publisher Lou Carlozo’s “Bankadelic” podcast as longtime banking industry veteran, Chris Aliotta, discusses the many causes…

The secret history of Elon Musk, Sam Altman, and OpenAI

semafor.com But in 2018, there was no reason to think that either the impulsive Musk or quirky, quiet Altman would become so central to the Silicon Valley narrative, even if they were…

Column: Silicon Valley elites are afraid. History says they should be

latimes.com Stanford University was the epicenter of backlash against the technology industry over its role in the Vietnam War. It’s become a common refrain among a certain set of…

Successor trustees need to recognize the value of presale seller inspections

siliconvalley.com Question: We are getting ready to sell our deceased uncle’s Silicon Valley house. The sale of the home’s contents and vehicles is complete. My cousin, a co-successor…

What’s Actually Behind the Banking Crisis? Why You Pay When They Play

nakedcapitalism.com Over the last two weeks, you could hear rumblings under the global financial system as one large, ugly crack appeared after another. Soon everybody was bracing for an…

Wall Street says TikTok CEO Shou Zi Chew had a 'disaster' day in Congress

businessinsider.com Wall Street says TikTok CEO Shou Zi Chew had a 'disaster' day in Congress — but the internet is loving him. Matt McClain/The Washington Post via Getty Images; OLIVIER…

SVB CEO Greg Becker's pay was doubled for making risky bets: Report

newsweek.com Silicon Valley Bank Chief Executive Greg Becker's cash bonus peaked at the time the company was making increasingly risky investments, a report by the Financial Times has…

Character.AI Reached Unicorn Status after $150M Series A Funding

coinspeaker.com Coinspeaker Character.AI Reached Unicorn Status after $150M Series A Funding As the AI buzz continues, Silicon Valley chatbot startup Character.AI has attained a unicorn…

The Million Dollar Bet on Bitcoin

thedefiant.io If you’re into crypto and you spend too much time on Twitter, you’ve likely heard of the million-dollar bet between Silicon Valley thought-leader Balaji Srinivasan and James…

TikTok’s CEO is about to introduce himself to America, but the ex-Facebook intern’s charm offensive faces a hostile audience

yahoo.com Looking at Shou Zi Chew’s personal TikTok account, one might surmise that he listens to reggaeton and electronic music, is a fan of football, and an admirer of art. The…

Janet Yellen is selling bank crisis short as execs fear dozens more teeter on brink

nypost.com Listening to Janet Yellen, you might be led to believe that the US banking system is, in her words, “sound,” and that your deposits “remain safe.” She’s the Treasury…

The most dangerous part of the Silicon Valley Bank bailout

foxnews.com It's not a regulatory issue. It's a bailout. We've heard the spin from the White House and Treasury Secretary Janet Yellen that taxpayers won't have to pay for Silicon…

The upside of the mass tech layoffs

tker.co Despite months of mass layoffs at big tech firms — just in the past 10 days, Meta announced 10,000 more cuts and Amazon announced 9,000 additional cuts — unemployment in the…

USA Today Again Picks Biological Man As 'Woman Of The Year'

zerohedge.com USA Today Again Picks Biological Man As 'Woman Of The Year' Authored by Steve Watson via Summit News, USA Today has picked a trans-identified male as it’s ‘woman of the…

The Sticky

looper.com Learn More The Sticky - What We Know So Far Right now, true crime is currently one of the hottest genres in pop culture, encompassing both documentaries as well as fictional…

How TikTok failed to make the case for itself

platformer.news TikTok CEO Shou Zi Chew testifies before the House Energy and Commerce Committee hearing Thursday in Washington, DC. (Jim Watson / Getty Images) On Thursday morning, the…

Why TikTok's security risks keep raising fears

go.com The battle between the U.S. and China over TikTok came into full view on Thursday when the social media platform's CEO testified before Congressional lawmakers. Shou Zi…

Victor Davis Hanson: Questions Without Answers About Ukraine

zerohedge.com Victor Davis Hanson: Questions Without Answers About Ukraine Authored by Victor Davis Hanson, Ukrainians, and many Europeans and Americans, are defining an envisioned…

Layoffs in California Stall Employment Growth: San Francisco and Silicon Valley Hardest Hit

wolfstreet.com But only 8% of Alphabet’s and 13% of Meta’s layoffs are in California: The tally based on California’s WARN reports. The layoff announcements by tech and social media…

One of Hollywood’s Top Tech Consultants Calls Out ‘Gendered Feedback’ in the Workplace

thewrap.com Office With a View: Innovation expert Fareeda Ahmed had to get past her own impostor syndrome to emerge as a powerful advisor to studios and other media companies…

Tech consulting giant Accenture cutting 19K jobs

thehill.com The global tech consulting group Accenture on Thursday announced it’s laying off roughly 19,000 people as it works to cut costs, streamline operations and grapple with a…

This isn't tech's first boom and bust cycle. Here's what we can learn from the previous bubbles: Stay agile and never rest on your laurels

businessinsider.com The valuations of most major tech companies were high — and now they’re not. Malte Mueller/Getty Images Tech's pandemic bubble has finally burst, demonstrated by layoffs and…

The rise of Airbnb CEO Brian Chesky, who got his start renting out air mattresses on his floor and is now worth almost $10 billion

businessinsider.com Airbnb CEO Brian Chesky. Mike Windle/Getty Brian Chesky, a former hockey player and industrial design student, is now worth $9.6 billion. Chesky started Airbnb after renting…