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VOICE ARCHIVE

David Wessel

@davidmwessel
12 posts
2024-10-01
Not sure that calling yourself “Evil Corp” is a good way to avoid scrutiny by US Treasury. https://home.treasury.gov/... [image]
2024-10-01 View on X
Bloomberg

As the US and allies try to sanction Evil Corp., the UK NCA says the ransomware gang conducted cyberattacks and espionage ops on NATO allies on Kremlin orders

- Evil Corp. cybercrime crew conducted espionage on NATO members  — UK, US and Australia issued sanctions against alleged hackers

2023-03-12
Matt Levine has a good piece on SVB: One problem for Silicon Valley Bank is that its customers had too much cash, and now they don't. https://www.bloomberg.com/... via @opinion
2023-03-12 View on X
Bloomberg

As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality

an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...

2023-03-11
Matt Levine has a good piece on SVB: One problem for Silicon Valley Bank is that its customers had too much cash, and now they don't. https://www.bloomberg.com/... via @opinion
2023-03-11 View on X
Axios

The FDIC says SVB clients with deposits above $250K will get “an advance dividend within the next week”; many SVB clients need to meet their payroll on March 15

Exit Fuel 🛢️ exists because of the support of people like you. Dalmas Ngetich / NewsBTC : Long Queues Seen At Silicon Valley Bank-Owned Boston Private - A Bank Run? Tweets: Dan Pri...

Matt Levine has a good piece on SVB: One problem for Silicon Valley Bank is that its customers had too much cash, and now they don't. https://www.bloomberg.com/... via @opinion
2023-03-11 View on X
TechCrunch

How startup founders are reacting to Silicon Valley Bank's collapse, as some worry about frozen funds, operating expenses, and paying employees full salaries

Engineers at Polymath Robotics were working late Wednesday night on multiple projects when co-founder and CEO Stefan Seltz-Axmacher noticed chatter …

2023-03-10
Is Silicon Valley Bank a tremor before a financial earthquake https://www.wsj.com/...
2023-03-10 View on X
Financial Times

Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities

Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities  —  Silicon Valley Bank has launched a $2.25bn share sale …

2022-04-29
Intel CEO predicts chip shortage will last until 2024: “In part, that's a supply statement because we have seen that equipment shortages are really impinging the ability of the industry overall to ramp supply at the pace we earlier thought.” https://www.wsj.com/... via @WSJ
2022-04-29 View on X
CNBC

Intel reports Q1 revenue down 7% YoY to $18.35B, vs. $18.31B est., Datacenter and AI revenue of $6B, up 22% YoY, and Client Computing revenue of $9.3B, down 13%

Jordan Novet / CNBC :

2021-11-30
Lina Kahn was offered a job covering commodities for @WSJ but decided to go to Yale Law School instead....and now she chairs the Federal Trade Commission. https://www.newyorker.com/... via @NewYorker
2021-11-30 View on X
New Yorker

Profile of FTC Chair Lina Khan, as some longtime staffers worry she is underestimating the risks of pursuing aggressive antitrust cases that are likely to fail

As monopolies and other large companies gain increasing control of our daily lives, Khan is Joe Biden's pick to do something about it. Tweets: @davidmwessel , @michaelluo , @sheela...

2021-02-15
Good @wsj yarn at what's going on between Apple's Tim Cook and Facebook's Mark Zuckerberg? The stakes: The future shape of the internet and which companies will dominate it. https://www.wsj.com/...
2021-02-15 View on X
Wall Street Journal

Sources shed light on the increasingly personal battle between Tim Cook and Mark Zuckerberg, who in private reportedly said “we need to inflict pain” on Apple

exactly what Apple is attacking FB over.) Depesh Mandalia / @depeshm : Who's signing up for Apple ads?! I love the paradoxical wording: a) the Apple ad platform does not track you ...

2021-02-14
Good @wsj yarn at what's going on between Apple's Tim Cook and Facebook's Mark Zuckerberg? The stakes: The future shape of the internet and which companies will dominate it. https://www.wsj.com/...
2021-02-14 View on X
Wall Street Journal

Sources shed light on the increasingly personal battle between Tim Cook and Mark Zuckerberg, who in private reportedly said “we need to inflict pain” on Apple

Animosity between CEOs Mark Zuckerberg and Tim Cook erupts over privacy and dueling visions of internet

2021-01-23
WSJ's Bill Boston @BerlinDiary how Volkswagen's big bet to keep up with Tesla in the e-car business hit a few speed bumps. Well reported, well told. https://www.wsj.com/... via @WSJ
2021-01-23 View on X
Wall Street Journal

How Volkswagen's ID.3, the automaker's long-awaited answer to Tesla, was beset by faulty in-car software, prompting a reboot of the company's software business

Faulty software set back a bid by the world's largest car maker for electric-vehicle dominance Tweets: @kushalbhagia , @doubleeph , @wsj , @nicolasmagand , @hardmaru , @wsj , @davi...

2020-12-05
Very sad piece on Tony Hsieh: The Self-Destructive Last Months Of The Zappos Visionary https://www.forbes.com/...
2020-12-05 View on X
Forbes

Friends and colleagues of Tony Hsieh say he was privately coping with issues of mental health and addiction, made worse by COVID lockdowns, over the past year

a sad tale of someone losing touch with reality and being aided and abetted by so-called friends https://www.forbes.com/... Jeff Atwood / @codinghorror : A disturbing read, but an ...

2020-04-29
Good @WSJ story about how Zuckerberg has rid himself of pesky independent directors. A lot of pressure on the newcomers — Kimmitt, Killefer, Travis — to be truly independent directors. https://www.wsj.com/... via @WSJ
2020-04-29 View on X
Wall Street Journal

Sources: Zuckerberg more actively in charge of Facebook after five departures from board of directors since 2019, as he attempts to consolidate decision-making

The 35-year-old tycoon has recast the company's board of directors and sought a high-profile role for the social-media giant in the Covid-19 pandemic