David Sacks

@DavidSacks ↗

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Last Checked March 31, 2023

Created

Sun Mar 12 08:40:01 +0000 2023

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David Sacks @DavidSacks

In reality, this has little or nothing to do with tech. It’s about whether half the deposits in the US (which are uninsured) can be trusted. — PolitiTweet.org

Posted March 12, 2023

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David Sacks @DavidSacks

SVB’s customers are being treated like they engaged in some incredibly risky behavior for which they’re being unfairly bailed out. But all they did was open a bank account! That’s not an investment, it’s a deposit. — PolitiTweet.org

Posted March 12, 2023

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David Sacks @DavidSacks

The spike in interest rates took out SVB first, but it could have been any bank. Soon the contagion will spread and it will become obvious that animosity towards tech is blinding people to the real issue. — PolitiTweet.org

Posted March 12, 2023