Pain In the Tech Industry Is Beginning to Hit the Rest of Us

. These events show how systemic weakness in big areas of the tech economy—retail, advertising, startups and venture capital—are beginning to spread outward from the companies most affected by them.said Tuesday, “At this point, I think we should prepare ourselves for the possibility that this new economic reality will continue for many years.”

In the first act, we see how tech is especially sensitive to broader conditions. In the second, how trouble in one part of the industry can ripple through the rest of it. In the denouement, we witness the way this amped-up trouble spills back out into the wider world. When the crisis spread to other small and regional banks, the government stepped in and declared all SVB depositors would get all their money back. Still, that hasn’t completely calmed markets or investors. Witness Wednesday’sfor the types of government securities long thought to be among the world’s safest assets.

If your job depends on woke you job is doomed anyway.

And there in lies a core problem with our economy, lack of diversification.

Then the real question is why do the whole tech industry depends on one bank? If this is the case this is the problem. But I bet this is not the case

How so?

China！

It's the butterfly effect. In this era of development. All good and bad have an impact on certain areas

An economy built on free money, companies that aren’t profitable and the vilification of companies who are is going to come to a screeching halt. SVB failed because it’s business model wasn’t sustainable and no responsible bank will take on that type of risk.

Capitalism is the worst system since Feudalism. It has ZERO redeeming qualities. Capitalism condemns 10 humans to poverty for every 1 it 'lifted out'. Take it down, violently.

Banker: 'We're indispensable. You can survive without us!' Farmer: 'Ahem ... '

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Utah's tech industry reacts to Silicon Valley Bank's failure, government helpAs state, federal and tech industry leaders scrambled to find a solution over the weekend, many founders and CEOs wondered whether they would be able to pay their employees after Silicon Valley Bank failed. It's difficult to keep up with the disasters. At least once a week there is a new one. Maybe this has something to do with it Liquidate the CEOs and pay the workers. CEOs just want regular people to pay for all the bad shit that happens to them ~ Maybe too fast?
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