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@augustocc@social.br-linux.org
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@augustocc@social.br-linux.org
https://social.br-linux.org/@augustocc/110000964084782217

Just this morning I posted here about the burst of the dot com bubble (2000), and now @nova reports about THE Silicon Valley Bank being closed and liquidated by the Feds.

Shit is getting real again, real fast.

Quoting @nova: hachyderm.io/@nova/11000094603

Post by Kris Nóva. “Silicon Valley Bank (SVB) was closed today. This is a strong signal into the current state of affairs in the tech industry at large. This is “THE“ bank. Every investor I know, knows of this bank. Many who have worked at startups in the past have carried SVB credit cards. If you were taking venture funding in the last 10 years, up until today, chances are it went directly to this bank. FDIC report fdic.gov/news/press-releases/2…“ Posted on 10 Mar 2023 17:47
Post by Kris Nóva. “Silicon Valley Bank (SVB) was closed today. This is a strong signal into the current state of affairs in the tech industry at large. This is “THE“ bank. Every investor I know, knows of this bank. Many who have worked at startups in the past have carried SVB credit cards. If you were taking venture funding in the last 10 years, up until today, chances are it went directly to this bank. FDIC report fdic.gov/news/press-releases/2…“ Posted on 10 Mar 2023 17:47
10/03/2023 17:51:47 ♥︎ 2 ↺ 2
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