July 21, 2024

Outgoing Silicon Valley lawmaker says big tech needs immigration reform

House Energy and Commerce Committee Health Subcommittee Chair Anna Eshoo (D-Calif.) listens to Health and Human Services Secretary Alex Azar as he testifies about the the FY2src in the Rayburn House Office Building on Capitol Hill on Feb. 26, 2src2src in Washington. | Chip Somodevilla/Getty Images Outgoing California Rep. Anna Eshoo’s biggest tech regret isn’t

California’s Dem Senate hopefuls vie for higher ground over Silicon Valley Bank debacle

Rep. Katie Porter leaned on those bonafides to spotlight a bipartisan 2src18 bill that, she argues, carved up landmark Wall Street reforms that were put in place after the last global financial crisis. | Apu Gomes/Getty Images The Democrats vying in California’s already-heated 2src24 Senate contest don’t disagree much on the response to Silicon Valley

Report: Silicon Valley Bank Trying to Find Buyer over the Weekend

The parent company of Silicon Valley Bank (SVB) is looking for a buyer after the bank was shuttered by regulators on Friday amid a massive drain of deposits and losses on its securities portfolio, Bloomberg reported. “A transaction might involve selling the company’s assets piecemeal or as a whole, according to a person familiar with the matter,” Bloomberg reported. “The goal is to complete a deal

Silicon Valley Bank Run Drained $42 Billion of Deposits

Philip Pacheco/Bloomberg via Getty Images The collapse of Silicon Valley Bank was caused by a massive run on the bank, with customers initiating withdrawals of $42 billion this week. The bank was placed into Federal Deposit Insurance Corp. receivership on Friday after the California Department of Financial Protection and Innovation (DFPI) determined the bank had

Chris Whalen: Collapse of Silicon Valley Bank ‘Goes to the Feet of Jerome Powell’ and Federal Reserve

Chris Whalen, chairman of Whalen Global Advisors, blamed Federal Reserve Chair Jerome Powell for the failure of Silicon Valley Bank (SVP) in a Friday interview on Forward Guidance with host Jack Farley. The Federal Reserve’s raising of interest rates “rendered the bank insolvent,” Whalen remarked. He said: Rising rates cause book value to go down

Report: Police Called to Silicon Valley Bank’s NYC Branch 

AP Photo/Jeff Chiu Police were reportedly called to Silicon Valley Bank’s Manhattan branch on Friday after depositors attempting to withdraw funds were locked out of the bank. The incident was the result of a bank run on its main branch in Silicon Valley with customers initiating withdrawals of $42 billion. On Friday, the bank was

Silicon Valley Bank CEO Sold $3.57 Million of Stock Two Weeks Before Bank Collapsed

The CEO of Silicon Valley Bank (SVB) sold $3.57 million of company stock just two weeks before the technology sector’s primary financial institution collapsed on Friday, according to federal filings. SVB CEO and President Greg Becker on February 27 sold 12,451 shares of common stock at an average price of $287.42, or $3,578,652.31 in total.

Silicon Valley Bank Board Included Barack Obama, Hillary Clinton Donors 

Several Silicon Valley Bank (SVB) board of directors have donated thousands of dollars or have direct ties to prominent Democrat politicians like Hillary Clinton, former President Barack Obama, and Rep. Nancy Pelosi (D-CA). Federal investigators are now looking into the role the board may have played in the bank’s abrupt collapse, as the board members

Report: Loans to Silicon Valley Bank Insiders Tripled to Record High as Collapse Loomed

Following the collapse of Silicon Valley Bank, reviews of the company’s internal practices have revealed that loans to insiders tripled to $219 million before the bank failed. Bloomberg reports that last month, Silicon Valley Bank failed as a result of a $42 billion bank run from investors and depositors. The bank’s internal problems have come

Silicon Valley Bank Doubled Down on Far-Left Policies Despite Hundreds of Millions in Losses

In the aftermath of the catastrophic collapse of the Silicon Valley Bank (SVB), new details have emerged revealing just how much the bank continued to double down on far-left “diversity” policies despite previously suffering losses to the tune of hundreds of millions of dollars. As reported by Just The News, the transcript of an investors’ […]

Silicon Valley Bank Is Already Hunting for New Customers

Silicon Valley Bank, which collapsed over the weekend in the second-largest bank crash in American history, says it is “open for business” and soliciting new customers.In a message shared with customers and posted on the bank’s website, CEO Tim Mayopoulos—who was put in charge by federal regulators who seized the bank—urged clients to move their

Conservatives Point to ‘Bidenflation’ as Cause of Silicon Valley Bank Closure; Gaetz Vows to Stand Against Bailout

Conservatives Point to ‘Bidenflation’ as Cause of Silicon Valley Bank Closure; Gaetz Vows to Stand Against Bailout Justin Sullivan/Lev Radin/Pacific Press/LightRocket via Getty Images Prominent conservatives throughout politics and media reacted to the sudden closure of the Silicon Valley Bank (SVB) on Friday. Rep. Matt Gaetz (R-FL) is already standing firm against bailouts for the

Silicon Valley Slash and Burn: Google Layoffs Extend All the Way to Robots

NurPhoto / Contributor/Getty Tech giant Google recently laid off thousands of employees, and the cuts didn’t stop there. The tech giant has laid off a team of robots trained to clear trash and perform other cleaning duties. Wired reports that Google recently laid off thousands of workers. Part of those layoffs includes the team behind Everyday

‘I Fear Censorship’: Meghan McCain Warns ‘Five Dorks In Silicon Valley’ Have Too Much Power

Meghan McCain said Monday that Twitter’s move to purge thousands of accounts only heightened concerns about censorship and the power held by Silicon Valley. During a segment of ABC’s “The View,” McCain addressed the news that President Donald Trump — along with a number of other accounts — had been banned from Twitter. Saying that…

Infowars Website Traffic Explodes After Silicon Valley Blacklists Alex Jones Empire

Silicon Valley’s coordinated purge of all things Infowars from social media has had an unexpected result; website traffic to Infowars.com has soared in the past week, according to Amazon’s website ranking service Alexa. Infowars was recently banned by YouTube, Facebook, iTunes, Google Podcast, Spotify, iHeartRadio, MailChimp, Disqus, LinkedIn, Flickr, Pinterest and several others – leading […]

The Coming Financial Backlash For Silicon Valley – Facebook and Twitter Read This

Silicon Valley has a problem, a very big problem. And it’s not rooted in just the geographic location. Everything (and I do mean everything) that was once assumed “a given” or, “totally worth it” or, the more memorable “it’s different this time” rationales as it pertained to startups, social media, valuations, user metrics, IPOs, unicorns, […]

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