Remote, historically good pay, great coworkers; good work life balance
Instability due to bank failure and acquisition. No idea what things will look like in the future.
Good work - life balance Job security Good for business knowledge
Valley focus more on vendors and contractors Compensation is very low
https://www.wsj.com/livecoverage/stock-market-news-today-03-10-2023/card/silicon-valley-bank-ceo-sold-3-6-million-in-shares-days-before-fatal-loss-disclosed-6re8L8VDWjk956bOLaDD
Stock is down 60% in one day and facing a potential run on the bank. Crazy times https://www.reuters.com/business/finance/silicon-valley-bank-sell-stock-cope-with-cash-burn-2023-03-09/
Sorry Roku bros Roblox only had 5% at SVB https://www.wsj.com/livecoverage/stock-market-news-today-03-10-2023/card/roku-stock-falls-after-disclosure-it-has-425m-cash-in-collapsed-silicon-valley-bank-I2w8Pbv65kymi5bimgqQ
First, it is good that Silicon Valley Bank bondholders and shareholders are wiped out. It is good that depositors will get their money back. This post is not about Silicon Valley Bank. This is about the other banks that made poor investment decisions. Today the Fed announced a Bank Term Funding Pr...Read more
https://twitter.com/TheStalwart/status/1633933482664640518 After bankruptcy of Silvergate Bank, yesterday Silicon Valley Bank falling more than 60% in the stock market, JP Morgan, Morgan Stanley and Bank of America plummeting. Bitcoin too. Systemic risk in the world economy, sharp rises in interes...Read more
Always listen to Cramer or do the opposite? https://nypost.com/2023/03/10/cnbcs-jim-cramer-touted-silicon-valley-bank-stock/ TC : 200k
That is give free money to everyone involved? #misc https://www.wsj.com/livecoverage/stock-market-news-today-03-10-2023/card/silicon-valley-bank-ceo-sold-3-6-million-in-shares-days-before-fatal-loss-disclosed-6re8L8VDWjk956bOLaDD
After months of weak buyer interest, agents began seeing larger crowds at open houses in January and getting multiple offers above asking price on their listings. By early March, though, climbing mortgage rates, plunging stock prices and mushrooming Big Tech layoffs tempered hopes for a spring rebou...Read more
Given the whole $SIVB debacle last week, do you think the fall was a knee jerk reaction or beginning of the end? Please post any relevant and reliable news articles that you might have come across in last 4 days. Edit: just got this in notification https://finance.yahoo.com/news/us-government-guar...Read more
First Silvergate Bank, Silicon Valley Bank, Signature Bank and Credit Suisse went belly up. Now Deutsche Bank’s stock has lost 26% in the past month and it is starting to crumble. Why is it a worrying sign ? Deutsche Bank is Germany’s biggest bank with around $1.4 trillion in assets. If it goes dow...Read more
Silicon Valley Bank, $SIVB, Management Team: 1. CEO: Director at San Francisco Fed 2. CFO: Former analyst at Freddie Mac 3. Chief Admin Officer: Former CFO of Lehman Brothers 4. Chief Risk Officer: Led credit ratings in 2007 5. Chief Legal Officer: General Counsel at Citibank in 2008 Over the ...Read more
Meta layoff news on the horizon, many leaks Multiple smaller firms had layoffs https://twitter.com/KobeissiLetter/status/1633924623086526465?s=20 Liquidity is disappearing all around the board: 1. S&P 500 lost $600 billion in 2 hours 2. Crypto markets down $40 billion today 3. Four biggest US bank...Read more
Hi! We are thinking to be on the lookuout to make offers for a new house in Silicon Valley. But it will take time as buying a property in the $2million range need careful thinking and timing. I know pre-qualification is the ultimate all ready to go state but the banks do a hard credit check and th...Read more
Hey Everyone I'm 26 yo, single, located in Silicon Valley, 100k job, 0 debt (yay me), 30k in sellable stock, 10k in the bank and a traditional 401k which i contribute 18% (max). I was hoping to get some advice on what I can do to start saving to buy a home. I was thinking about changing my 401k ...Read more
One of my friend lost more money than their entire portfolio worth recently. They are very new to margin investing and option trading. They owned silicon valley bank $SIVB stocks on margin and the bank went belly up overnight. The stock got halted pre market and they didn’t get chance to get out of ...Read more