Washington Post:
Sources: US officials are considering the extraordinary step of protecting all uninsured SVB deposits, if the FDIC is unable to find a buyer for the failed bank — Extraordinary step eyed if plan fails to sell the failed bank to another institution — Federal authorities …
Tech Nuggets with Technology: This Blog provides you the content regarding the latest technology which includes gadjets,softwares,laptops,mobiles etc
Sunday, March 12, 2023
Sources: US officials are considering the extraordinary step of protecting all uninsured SVB deposits, if the FDIC is unable to find a buyer for the failed bank (Washington Post)
Sources: regional banks are the likeliest bidders to prevail in the sale process for Silicon Valley Bank, not "too big to fail" banks like JPM or BoA (Lauren Tara LaCapra/The Information)
Lauren Tara LaCapra / The Information:
Sources: regional banks are the likeliest bidders to prevail in the sale process for Silicon Valley Bank, not “too big to fail” banks like JPM or BoA — Regional banks are the likeliest bidders to prevail in the sale process for Silicon Valley Bank, people familiar with the matter said …
Sources: the FDIC started an auction late Saturday for SVB and final bids will be due by Sunday afternoon; it's possible that no deal will be reached (Matthew Monks/Bloomberg)
Matthew Monks / Bloomberg:
Sources: the FDIC started an auction late Saturday for SVB and final bids will be due by Sunday afternoon; it's possible that no deal will be reached — The Federal Deposit Insurance Corp. kicked off an auction process late Saturday night for Silicon Valley Bank, with final bids due by Sunday afternoon …
A look at the unusually high executive turnover at Apple, which has lost 11 key people just below the Senior VP level, since the second half of 2022 (Mark Gurman/Bloomberg)
Mark Gurman / Bloomberg:
A look at the unusually high executive turnover at Apple, which has lost 11 key people just below the Senior VP level, since the second half of 2022 — Apple is facing an unprecedented wave of executive departures. Also: The company will shake up its sales operations with a focus on India …
Sources: the UK is seeking a buyer for the British arm of SVB, which had ~£7B in deposits on Friday, with an UAE-based company as the "lead white knight" (Financial Times)
Financial Times:
Sources: the UK is seeking a buyer for the British arm of SVB, which had ~£7B in deposits on Friday, with an UAE-based company as the “lead white knight” — ‘Lead white knight’ eyeing British arm of tech lender that had billions in deposits
A look at Bring a Trailer, a classic car blog from 2007 that became a marketplace, facilitated $1.37B in 2022 sales, and held its 100,000th auction on March 7 (Ben Cohen/Wall Street Journal)
Ben Cohen / Wall Street Journal:
A look at Bring a Trailer, a classic car blog from 2007 that became a marketplace, facilitated $1.37B in 2022 sales, and held its 100,000th auction on March 7 — Bring a Trailer is where obsessives buy, sell and geek out over classic cars. The company pops open its hood after 100,000 auctions to explain why.
Saturday, March 11, 2023
Twitter is in decline and less stable under Elon Musk, echoing LiveJournal and Tumblr falling apart under new ownership that didn't understand their communities (Gita Jackson/The Verge)
Gita Jackson / The Verge:
Twitter is in decline and less stable under Elon Musk, echoing LiveJournal and Tumblr falling apart under new ownership that didn't understand their communities — Twitter is in a period of decline. The site still functions, people are still using it, but there's a familiar stink that lingers on the website.
Brazil is seizing shipments of Flipper Zero, a $169 portable security penetration testing tool for wireless devices, due to its alleged use in criminal activity (Bill Toulas/BleepingComputer)
Bill Toulas / BleepingComputer:
Brazil is seizing shipments of Flipper Zero, a $169 portable security penetration testing tool for wireless devices, due to its alleged use in criminal activity — The Brazilian National Telecommunications Agency is seizing incoming Flipper Zero purchases due to its alleged use in criminal activity …
Roblox and other companies disclose their exposure to SVB in SEC filings; Roblox says ~5% of its $3B cash and securities balance was held at SVB as of Feb. 28 (Sarah Perez/TechCrunch)
Sarah Perez / TechCrunch:
Roblox and other companies disclose their exposure to SVB in SEC filings; Roblox says ~5% of its $3B cash and securities balance was held at SVB as of Feb. 28 — The fallout from the collapse of Silicon Valley Bank is impacting a range of startups and larger firms including …
LinkedIn's decision to publish posts written with the help of AI to provoke discussions is a milestone and may herald the start of semiautomated social networks (James Vincent/The Verge)
James Vincent / The Verge:
LinkedIn's decision to publish posts written with the help of AI to provoke discussions is a milestone and may herald the start of semiautomated social networks — It makes sense that LinkedIn would be the first major social network to push AI-generated content on its users. The Microsoft-owned company is weird.
How the FBI proved that NetWire was a remote access trojan malware and not a remote admin tool, leading to the seizure of the website selling the malware (Lorenzo Franceschi-Bicchierai/TechCrunch)
Lorenzo Franceschi-Bicchierai / TechCrunch:
How the FBI proved that NetWire was a remote access trojan malware and not a remote admin tool, leading to the seizure of the website selling the malware — On Thursday, the U.S. government announced that it had seized a website used to sell malware designed to spy on computers and cellphones.
A look at the Hong Kong Exchanges and Clearing's new IPO rules, which will allow pre-revenue "big tech" firms with a valuation of $1.9B or more to raise capital (Enoch Yiu/South China Morning Post)
Enoch Yiu / South China Morning Post:
A look at the Hong Kong Exchanges and Clearing's new IPO rules, which will allow pre-revenue “big tech” firms with a valuation of $1.9B or more to raise capital — This is part one of a two-part series looking at upcoming changes at Hong Kong Exchanges and Clearing Limited (HKEX) …
Friday, March 10, 2023
Sources: SVB Financial, parent of Silicon Valley Bank, is in talks to sell itself after attempts to raise capital failed (Jesse Pound/CNBC)
Jesse Pound / CNBC:
Sources: SVB Financial, parent of Silicon Valley Bank, is in talks to sell itself after attempts to raise capital failed — SVB Financial , parent of Silicon Valley Bank, is in talks to sell itself, sources told CNBC's David Faber. Attempts by the bank to raise capital have failed …
The Netherlands, like ASML, is trying to find a middle ground between the US and China on chip sanctions, with recent plans stopping short of Biden's 2022 rules (Cagan Koc/Bloomberg)
Cagan Koc / Bloomberg:
The Netherlands, like ASML, is trying to find a middle ground between the US and China on chip sanctions, with recent plans stopping short of Biden's 2022 rules — The Dutch are trying to find a middle ground between the US and China in an escalating battle over the world's chip supply chain.
Sources: after lobbying by Apple, Foxconn, and others, India's Karnataka state will allow two-shift production and 12-hour shifts, similar to practices in China (Financial Times)
Financial Times:
Sources: after lobbying by Apple, Foxconn, and others, India's Karnataka state will allow two-shift production and 12-hour shifts, similar to practices in China — Lobbying in Karnataka leads to landmark legislation that anticipates iPhone production in southern state
Finland, Canada, the US, and other countries are testing tech for passport-free travel, including facial recognition and a "digital travel credential" (Matt Burgess/Wired)
Matt Burgess / Wired : Finland, Canada, the US, and other countries are testing tech for passport-free travel, including facial recogniti...
-
Jake Offenhartz / Gothamist : Since October, the NYPD has deployed a quadruped robot called Spot to a handful of crime scenes and hostage...
-
Answers to common questions about PCMag.com http://bit.ly/2SyrjWu https://ift.tt/eA8V8J