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Kirk posted:lol I just founded a startup I’m going to die irl ah man I was looking forward to the product launch party
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Mar 11, 2023 06:17
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more like polygone.com
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Mar 11, 2023 07:52
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god I’m so glad the product I work on has a 55% margin and we’re owned by a boring east coast company who uses normal banks
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Mar 11, 2023 09:20
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https://twitter.com/bvaughan71/status/1634314885411622914?s=61&t=6FR0zjGNxQmkl5MtzAIFEgquote:Being at #SXSW during the #SVB meltdown is like being on vacation in Buenos Aires when Argentina won the World Cup, except the precise opposite in every way
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Mar 11, 2023 09:39
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lol at all the tech bros being at sxsw
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Mar 11, 2023 16:44
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tech bubble v5.1: premium silicon valley whine
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Mar 11, 2023 16:51
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kliras posted:tech bubble v5.1: premium silicon valley whine
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Mar 11, 2023 17:05
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kitten emergency posted:no libertarians in a bank run huh lol yeah
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Mar 11, 2023 17:25
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qirex posted:god I’m so glad the product I work on has a 55% margin and we’re owned by a boring east coast company who uses normal banks same but midwest
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Mar 11, 2023 19:04
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https://twitter.com/jsrailton/status/1634600754848702465 i somehow missed thiel started all this, stanford bros stay winning
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Mar 11, 2023 19:17
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kliras posted:tech bubble v5.1: premium silicon valley whine
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Mar 11, 2023 19:22
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stanford should be destroyed
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Mar 11, 2023 19:25
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https://twitter.com/liquidiodine/status/1634609853648830467
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Mar 11, 2023 19:26
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theres a lot of handwringing right now and its very funny to watch these vc "people" squirm, but it seems most likely to me that the banks balance sheet will be sold and most of depositors will be made whole one way or another. i should go people watch on university ave today though.
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Mar 11, 2023 19:30
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AnimeIsTrash posted:https://twitter.com/jsrailton/status/1634600754848702465
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Mar 11, 2023 19:31
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post hole digger posted:theres a lot of handwringing right now and its very funny to watch these vc "people" squirm, but it seems most likely to me that the banks balance sheet will be sold and most of depositors will be made whole one way or another. im seeing guesses of 10 to 40% haircut on uninsured portion
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Mar 11, 2023 19:33
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this may be thiels "stole from other rich peeps" moment, now that i think about it. theres some litigated free speech carveouts specifically for causing bank runs
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Mar 11, 2023 19:34
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theres an article quoted in this post of mine, but the run had already sort of started by that point (thursday night). post hole digger posted:lol petey trying to kick off a bank run that said, https://twitter.com/chrismohney/status/1634572163863683075
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Mar 11, 2023 19:34
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that most heinous of crimes, theft of money (from rich people)
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Mar 11, 2023 19:35
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bob dobbs is dead posted:this may be thiels "stole from other rich peeps" moment, now that i think about it. theres some litigated free speech carveouts specifically for causing bank runs 
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Mar 11, 2023 19:36
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that said, the standard is knowing or reckless falsehood, which is kinda a gently caress if the speech act causes itself to be true like calling runs at a bank is. really twisty you'd have to get to get around that thiels statement was definitely true, even if the mere statement of it made itself a self fulfilling prophecy. its not like in britain where you can get sued for true poo poo sometimes bob dobbs is dead fucked around with this message at 19:39 on Mar 11, 2023 |
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Mar 11, 2023 19:37
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bob dobbs is dead posted:this may be thiels "stole from other rich peeps" moment, now that i think about it. theres some litigated free speech carveouts specifically for causing bank runs free speech doesnt protect you from shouting FIRE sector in a crowded bank
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Mar 11, 2023 19:38
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bob dobbs is dead posted:that said, the standard is knowing or reckless falsehood, which is kinda a gently caress if the speech act causes itself to be true like calling runs at a bank is. really twisty you'd have to get to get around that how about you stanford folks share the wealth so i can also make money off the suffering of others
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Mar 11, 2023 19:39
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wait, doesnt svb have a subsidiary in britain that was materially harmed by this poo poo but is still solvent?
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Mar 11, 2023 19:43
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back in my day we just jacked 100M of bearer bonds from a vault in nakatomi plaza
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Mar 11, 2023 19:44
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post hole digger posted:theres a lot of handwringing right now and its very funny to watch these vc "people" squirm, but it seems most likely to me that the banks balance sheet will be sold and most of depositors will be made whole one way or another. the problem is companies needing the money now, not 'you'll get it eventually' i'm guessing there's a lot of short term loans and calls to investors being made this weekend
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Mar 11, 2023 19:55
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PIZZA.BAT posted:the problem is companies needing the money now, not 'you'll get it eventually' good point
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Mar 11, 2023 19:57
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i start a new job at a startup on monday. the corporate card they've already issued me is from svb. thoughts and prayers pls
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Mar 11, 2023 20:02
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yeah there are already tons of stories of companies losing all their cash overnight and wondering if they'll be able to make salary payments in the near future
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Mar 11, 2023 20:04
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despite what anyone thinks of Peter Thiel's politics, he's a very good investor. and pulling the money before anyone else was the correct move. and if his portfolio companies also got their money out, then that was good advice to them "be first, be smarter, or cheat" https://www.youtube.com/watch?v=Fdsngo0inA0
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Mar 11, 2023 20:06
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holy poo poo it's cremnob
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Mar 11, 2023 20:07
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speaking of margin call i just had to have this conversation with one of the younger guys at my last job who got the axe a few months after i left https://www.youtube.com/watch?v=2f2kGHcdJYU
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Mar 11, 2023 20:10
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you do not, under any circumstances, "gotta hand it to him"
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Mar 11, 2023 20:12
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PIZZA.BAT posted:holy poo poo it's cremnob
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Mar 11, 2023 20:14
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PIZZA.BAT posted:holy poo poo it's cremnob
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Mar 11, 2023 20:27
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PIZZA.BAT posted:holy poo poo it's cremnob
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Mar 11, 2023 20:27
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Beeftweeter posted:jesus that place is more expensive than peter luger there was one by my old office and they never would let us do team lunch there
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Mar 11, 2023 20:34
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post hole digger posted:the impossible burger thing just sounds like a vegan salisbury steak. i dont want it but i get it. vegans I will never get
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Mar 11, 2023 20:36
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PIZZA.BAT posted:holy poo poo it's cremnob
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Mar 11, 2023 20:59
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| # ? Apr 19, 2024 22:57 |
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bob dobbs is dead posted:this may be thiels "stole from other rich peeps" moment, now that i think about it. theres some litigated free speech carveouts specifically for causing bank runs he's richer than them so it's still okay for him to do. also PIZZA.BAT posted:holy poo poo it's cremnob
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Mar 11, 2023 21:42
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