David Sacks

@DavidSacks ↗

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Last Checked March 31, 2023

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Sun Mar 12 08:40:22 +0000 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

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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

@AlexBerenson It’s like GPT was told to write a formulaic populist class warfare rant without even understanding the particulars. SVB had 40,000 small business customers who are impacted. If this was “Farmers’ Bank,” you would understand the risk of contagion. It will be obvious soon enough. — PolitiTweet.org

Posted March 12, 2023