Business/Markets/Stocks/Economics Random, Random

[ti-amie]

cspam@mastodon.cloud
Twitter Death Cult
@cspam@mastodon.cloud
motherf**ker seriously believes designers have to code

[ti-amie]

I am FLOORED that this was all done in full view of the public. It looks to me that Elmo is going to stiff those who were cut off from their access but were never officially notified that they were fired.

[Suliso]

Some lawyers will make a lot of money out of all this. Seeing all this I'm amazed he managed to found several highly successful companies. How did he do that despite this way of managing?

[ponchi101]

I am amazed at Musk's last statement.
If you were NOT working, then you can still be fired. Properly fired, perhaps, but fired still.

[ti-amie]

Ólafur Waage
@olafurw@mastodon.social
This is the guy Elon decided to lambast last night.

[ponchi101]

I have said it before. The Scandinavians countries (together with Japan and the Kiwis) are nothing more than extraterrestrials that got stranded in this planet.
---0---
I was recently thinking about how to make a "development" ranking. For example. If a given country developed a railway system in 1920, then ANY country that has not developed one, or developed it in the 1980's, has a lag of so many years. First university, first airline, potable water system, so forth. You could work it both ways: a country lags another by how much, or a country is ahead by so much,
Iceland would probably be about to enter the 21st century.

[ti-amie]

More on Elmo's stupidity re Halli.












P1/

[ti-amie]

Courtney Milan @courtneymilan

I guess we will find out the truth when the lawsuit is filed!





Robert Westbrook, Aircraft & Accordion Repair
@Swampfeet
Replying to
@courtneymilan
And Halli comes off as the exact opposite of 'bitter' in this exchange. Seems like a great person.

P2/L

[ti-amie]

P1/

[ti-amie]

Halli @iamharaldur

I hope that helps! Let me know if you are going to pay what you owe me?

I think you can afford it?

Also



P2/

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P3/L

[ti-amie]

So when the law suit is filed do Halli's attorney's have to do more than produce these exchanges?

I wonder where Halli will file - Iceland or the US?

[ti-amie]

Sabri :verified:
@sabri@mastouille.fr
This message is not written by Elon Musk but his lawyers
---
RT @elonmusk
@danielhoughton @anothercohen @iamharaldur I would like to apologize to Halli for my misunderstanding of his situation. It was based on things I was told that were untrue or, in some cases, true, but not meaningful.

He is considering remaining at Twitter.

[ti-amie]

I dunno if I'm Halli and staring a difficult medical condition in the face I might still ask for the buyout based on the contract I signed.

[ti-amie]

Silicon Valley Bank is seized by US after historic failure
By KEN SWEET
an hour ago

NEW YORK (AP) — The U.S rushed to seize the assets of Silicon Valley Bank on Friday after it experienced a run on the bank, the largest failure of a financial institution since Washington Mutual during the height of the financial crisis more than a decade ago.

Silicon Valley, the nation’s 16th largest bank, failed after depositors — mostly technology workers and venture capital-backed companies — hurried to withdraw money this week as anxiety over the bank’s balance sheet spread. It is the second biggest bank failure in history, behind Washington Mutual.

Silicon Valley was heavily exposed to tech industry and there is little chance of contagion in the banking sector similar to the chaos in the months leading up to the Great Recession more than a decade ago. The biggest banks — those most likely to cause a systemic economic issue — have healthy balance sheets and plenty of capital.

In 2007, the biggest financial crisis since the Great Depression rippled across the globe after mortgage-backed securities tied to ill-advised housing loans rippled from the U.S. to Asia and Europe. The panic on Wall Street led to the collapse of the storied Lehman Brothers, founded in 1847. Because major banks had extensive exposure to one another, it led to cascading disruption throughout the global financial system, putting millions out of work.

However, there has been unease in the banking sector all week and the collapse of Silicon Valley pushed shares of almost all financial institutions lower Friday, shares that had already tumbled by double digits since Monday.

Silicon Valley Bank’s failure arrived with incredible speed, with some industry analysts on Friday suggesting it was a good company and still likely a wise investment. Silicon Valley Bank executives were trying to raise capital early Friday and find additional investors. However, trading in the bank’s shares was halted before the opening bell due to extreme volatility.

Shortly before noon eastern, the Federal Deposit Insurance Corporation moved to shutter the bank. Notably, the FDIC did not wait until the close of business to seize the bank, as is typical in an orderly wind down of a financial institution. The FDIC could not immediately find a buyer for the bank’s assets, signaling how fast depositors had cashed out. The bank’s remaining uninsured deposits will now be locked up in receivership.

https://apnews.com/article/svb-fed-bond ... 20aa9b7966