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News Articles: Silicon Valley

A.J. King, the CEO of Three Rivers Bank in Kalispell, Mont., sitting at his office. King says his bank shouldn't have to pay for mismanagement at Silicon Valley Bank and Signature Bank.

Tagged as: 

  • Business

It cost $22 billion to rescue two failed banks. Now the question is who will pay

Regulators need to decide how to recover the cost of rescuing Silicon Valley Bank and Signature Bank — and community banks across the country are warning they should not be on the hook.

April 13, 2023
|
By:
  • David Gura
A customer stands outside of the shuttered Silicon Valley Bank headquarters in Santa Clara, Calif., on March 10, 2023. The lender was taken over federal regulators on Friday, marking one of the largest bank failures since the 2008 Global Financial Crisis.

Tagged as: 

  • Business

A Silicon Valley lender collapsed after a run on the bank. Here's what to know

Silicon Valley Bank was taken over by federal regulators on Friday, capping a spectacular collapse after the lender suffered a run on deposits.

March 11, 2023
|
By:
  • David Gura
The TikTok logo is displayed outside a TikTok office on December 20, 2022 in Culver City, Calif. Congress passed legislation to ban the popular Chinese-owned social media app from most government devices.

Tagged as: 

  • Technology

From Twitter chaos to TikTok bans to the metaverse, social media had a rocky 2022

From Facebook's troubled pivot to the metaverse to Twitter's management chaos to industry-wide layoffs, social media companies have had a rocky 2022

December 23, 2022
|
By:
  • Shannon Bond
Founder and CEO of Theranos Elizabeth Holmes speaks at the Fortune Global Forum in San Francisco on Nov. 2, 2015.

Tagged as: 

  • Technology

It's judgment day for Theranos founder Elizabeth Holmes

The fallen Silicon Valley star faces up to 15 years in prison for defrauding investors in her blood-testing company. A U.S. senator is among those who have written letters asking for mercy.

November 18, 2022
|
By:
  • Bobby Allyn
SpaceX founder Elon Musk during a T-Mobile and SpaceX joint event on August 25, 2022 in Boca Chica Beach, Texas.

Tagged as: 

  • Technology

Texts released ahead of Twitter trial show Elon Musk assembling the deal

Elon Musk's takeover of Twitter went down via private text messages between the Tesla CEO and a small circle of Silicon Valley's rich and powerful, according to court filings released this week.

September 30, 2022
|
By:
  • Raquel Maria Dillon
Faris Ajluni (right) land Jose Nazario pose in their vests in downtown San Francisco.

Tagged as: 

  • Technology

The Patagonia vest endures in San Francisco tech circles, despite ridicule

Flyers around San Francisco are urging tech workers to give up the quintessential Silicon Valley uniform: the fleece vest. It's just the latest flashpoint in the city's class battle.

March 31, 2022
|
By:
  • Bobby Allyn
Apple's massive" spaceship" campus designed to centralize work and foster collaboration in 2017 may have to make way for satellite offices and other remote work.

Tagged as: 

  • Economy

Why Remote Work Might Not Revolutionize Where We Work

Apple joins the ranks of tech firms freeing many employees from Silicon Valley offices. What this might mean for the geography of the American economy.

July 13, 2021
|
By:
  • Greg Rosalsky

Tagged as: 

  • Technology

Social Audio Began As A Pandemic Fad. Tech Companies See It As The Future

Live conversations on Clubhouse and Twitter took off during the pandemic, connecting people online when they couldn't in real life. Now social media companies are scrambling to launch audio features.

June 11, 2021
|
By:
  • Shannon Bond
Many tech workers say they have experienced more harassment, hostility and anxiety while working remotely during the pandemic.

Tagged as: 

  • Technology

Remote Work Is Leading To More Gender And Racial Harassment, Say Tech Workers

Women and people of color are reporting the biggest increases in harassment while working remotely during the pandemic, a survey says.

March 30, 2021
|
By:
  • Shannon Bond
Software engineer Tracy Chou's own experience on social media led her to create Block Party, an app that helps people filter their feeds to manage online abuse and harassment.

Tagged as: 

  • Technology

Block Party Aims To Be A 'Spam Folder' For Social Media Harassment

In part because of her own experience being targeted with online harassment and threats, Tracy Chou launched Block Party, a startup that aims to help people feel safer on social media.

February 25, 2021
|
By:
  • Shannon Bond
Clubhouse launched in March of 2020, just in time for lockdown orders. Now, other tech companies are rushing to make Clubhouse clones.

Tagged as: 

  • Technology

Clubhouse May Be Social Media's Future. What's All The Hype About?

The invite-only app lets you eavesdrop on chats between celebrities, journalists and tech savants. Oprah, Elon Musk and White House Chief of Staff Ron Klain have all joined.

February 12, 2021
|
By:
  • Bobby Allyn and
  • Claire Miller
The Justice Department alleges Google has an illegal monopoly in search, setting up the biggest confrontation with a tech giant in more than 20 years.

Tagged as: 

  • Technology

Google Lawsuit Marks End Of Washington's Love Affair With Big Tech

The Justice Department's lawsuit against Google is the clearest sign yet of the "Techlash" that has politicians on both sides of the aisle bristling at the power of Silicon Valley.

October 21, 2020
|
By:
  • Shannon Bond
Pinterest CEO Ben Silbermann addresses a Pinterest media event at the company's corporate headquarters in San Francisco, California, on April 24, 2014.

Tagged as: 

  • National

Pinterest Sounds A More Contrite Tone After Black Former Employees Speak Out

Two people who left Pinterest over their treatment there say the company's culture does not support Black employees.

June 23, 2020
|
By:
  • Rachael Myrow

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