All depositors with Silicon Valley Bank are safe. Now the question who's to blame? There are accusations that panicked. All caps tweets from VCs helped cause the bank rums. Meanwhile, a Wall Street Journal columnist wrote that the bank was distracted by diversity demands.
The Biden administration tells Tiktok to leave ByteDance or leave the US. Meta's year of Zuck-ficiency continues, with another 10,000 layoffs. Kara and Scott unpack the decision to backstop Silicon Valley Bank, as Credit Suisse deals with its own potential issues. Also, ChatGPT gains the power of sight, and a listener worries about the growth of legalized gambling.
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