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Rippling’s Parker Conrad: “We raised $500m in one day to survive the SVB collapse”
The Times Tech Podcast
S v B: A Single Point of Failure
S V B is a single point of failure for Facebook. The company had long ago set up a contingency plan with JP Morgan to switch over if S V B failed. But even on Thursday, when people thought things were deteriorating quickly at S V B, we did not imagine and certainly the folks on our board didn't think that payments would fail on Friday.
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