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Yahoo completely misreading the

2023-03-10 00:30:02.372928+01 by Dan Lyke 2 comments

Yahoo completely misreading the room. No, my dudes, I'm here for the schadenfreude*. "Sign in to save SIVB" indeed.

Or my sign-in is worth a *lot* more to them than I'm able to monetize myself.

  • not really here for the schadenfreude, today's *huge* market cap losses are gonna mean much pain for startups in my area.

Edit: ‘Shell-shocked’: Silicon Valley Bank Shut Down by Regulators, Marking Stunning Downfall

[ related topics: Business Photography Economics ]

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#Comment Re: Yahoo completely misreading the made: 2023-03-10 23:18:08.854937+01 by: Dan Lyke [edit history]

Max Reyes at Bloomberg:

... at SVB, north of 93% of the bank’s $161 billion in deposits are uninsured, per a recent regulatory filing -- meaning the psychology to withdraw deposits if you feel something is going wrong is that much more compelling.

And, yeah, looking at the Yahoo 5 year graph, looks like they got taken down by cryptocurrency faddism.

#Comment Re: Yahoo completely misreading the made: 2023-03-11 01:06:21.10078+01 by: Dan Lyke

Really good writeup on what happened at Silicon Valley Bank

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