FDIC shuts down Silicon Valley Bank, crash incoming? Update: 2nd bank, Signature Bank in NY closed

the bossman

Superstar
Joined
Sep 4, 2012
Messages
11,995
Reputation
2,730
Daps
56,790
Reppin
Norfeast D.C.
Ayo fukk technology.


Outside of the larger implications of this which I don't fully understand, I find myself feeling largely apathetic to this mess even down to the lower level tech employees that might be missing paychecks because of this situation. Outside of gps and some medical advancements, it it seems like none of this shyt has made my life any better, actually it's the opposite tbh.
200.gif
 

BigMoneyGrip

I'm Lamont's pops
Supporter
Joined
Nov 20, 2016
Messages
82,357
Reputation
12,204
Daps
325,070
Reppin
Straight from Flatbush
And folk clowned Gannis Antetemkumpo for having 50 different bank accounts with $250,000 in each of them… Smart man, he was there for that Greece financial collapse he know what time it is…

You would be a straight up fool to have millions of dollars just sitting in one account smh

Tech bros gotta hold that L
 

yung Herbie Hancock

Funkadelic Parliament
Joined
Dec 27, 2014
Messages
7,580
Reputation
-2,336
Daps
22,928
Reppin
California
Music sucks now thanks to streaming, and ai is birdmanning it's robotic grippers in the cut as we type this.

It hasn't reduced drugs, crime, racial inequity, or world hunger either. We got along fine without all this shyt prior to it, so change my mind.
Exactly. Streaming ruined music. Tumblr and interconnectedness gave us duvestors. More gender war BS going viral. More depression and lonely people dur to social media. Silicon valley hasn't been a net good when it comes to software outside of medical uses.
 

MJ Truth

Veteran
Supporter
Joined
Feb 1, 2015
Messages
39,116
Reputation
3,765
Daps
155,531
If you’re a broke boy you good
If you started a company in Silicon Valley and had your money in SVB you probably pulled all your money out because the bank made some bad investments due to rising interest rates. A good old fashioned bank run caused the bank to be taken over by the FDIC.
:dead:
 

Virtuous_Brotha

Superstar
Joined
May 3, 2012
Messages
9,050
Reputation
1,397
Daps
20,627
Reppin
NULL
Music sucks now thanks to streaming, and ai is birdmanning it's robotic grippers in the cut as we type this.

It hasn't reduced drugs, crime, racial inequity, or world hunger either. We got along fine without all this shyt prior to it, so change my mind.
:mjpls:Nikka you got 3x more posts than me and i browse the coli damn near everyday and i've also been registered here longer, shut your fake azz up.
 

Stir Fry

Eastside Eggroll
Supporter
Joined
Mar 1, 2015
Messages
32,727
Reputation
31,719
Daps
142,697
Reppin
Dapcity.com
:mjpls:Nikka you got 3x more posts than me and i browse the coli damn near everyday and i've also been registered here longer, shut your fake azz up.

As much as I love taking on and learning new skillsets in the real world, I have nothing tangible to show for all the time I've spent on here


And there's folks with five times as many posts as you with the same join date complaining about not getting p*ssy and are still virgins after all these years lol
 

Stir Fry

Eastside Eggroll
Supporter
Joined
Mar 1, 2015
Messages
32,727
Reputation
31,719
Daps
142,697
Reppin
Dapcity.com
That's your fault not the techs :hubie:


FWIW I'm not against all modern tech, but I don't see how public message boards have made my life or anyone else's better. I can point to plenty of ways to how society is worse off because of it now though.

I've always been a hands on learner, I'm capable in both the automotive and construction trades and rarely ever went on youtube to teach me any of this stuff. It was all done by either being in the field or running out to an automotive store to buy a book dedicated to the specific car I was working on. Now everyone has all this info at there fingertips yet craftmanship and work ethic is at an all time low lol. Again, I'm not really seeing what a lot of these startups are bring to the table by and large. All I've really seen is it leading to a society based on instant gratification that's tethered to something that could easily have the switch flipped on them.
 
Top