SVB collapsed and many start ups will be affected badly. Sad situation but my view is that in the next 6 months, many of great employees will lose their jobs. :( Brace yourself, friends. Have a plan B. I hope the worst was over but seems like it’s yet to come. TC: 0
Agreed
Well we should have guessed earlier. Astronomical TC and house prices especially in Silicon Valley where a barn is sold with a price of a mansion, should hit a wall. Now it happened.
Everyone knew something was wrong. They were just greedy and no way to get out with fed putting a punch in party
This literally has nothing to do with this collapse. Bank runs could destroy any bank in the world because every single one of them uses fractional reserves. Takes are just getting worse and worse.
Ok
Ok
Stop spreading FUD. I don't get why fear mongering gives people thrills?
You’re probably never getting laid off since all these idiots are probably going to use your platform to unload all the useless garbage they bought
I am not with eBay anymore. I was already laid off. 😂
Who would’ve thought that Home Depot caliber sheds selling for $750k and 23 year old new grads making $200k to work on projects funded by easy money wasn’t a bubble. Welcome to reality.
$750k in the Bay Area? Lol try $1.5M for an ugly house by a highway.
Holy shit the level of dumb takes is off the wall. This collapse has nothing to do with a bubble or even the tech industry and more so with the overall macro environment causing startups to need capital. A bankrun can destroy any bank on the planet because not a single one has non fractional reserves.
Welcome to blind Friday fear mongering destroying everyone weekend edition by Op.
it’s not fear mongering. if there is any way forward, it’s only downward from here. if you don’t realize it, that means you are intentionally keeping your eyes closed and hoping all will be well for some reason like overleveraged home buying.
Huh ? It’s time for u to get ur break from the internet
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All depositors will be made whole even above FDIC limits. Please stop spreading FUD.
no they wont…
They absolutely will not be. That’s not how any of this works.