TechCrunch

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Last Checked March 14, 2023

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Fri Mar 10 18:34:11 +0000 2023

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TechCrunch @TechCrunch

SBF then decided to raise a bunch of money to safeguard its business. The plan was to sell $1.25B of common stock to investors, $500M in convertible preferred shares, and $500M of its common stock to the private equity firm General Atlantic https://t.co/WCLnxh7PWu — PolitiTweet.org

Posted March 10, 2023

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TechCrunch @TechCrunch

SVB lost $1.8 billion in the sale of U.S. treasuries and mortgage-backed securities that it had invested in, owing to rising interest rates. Venture firms advised portfolio companies to move money out of SVB https://t.co/zGmzpNl7jT — PolitiTweet.org

Posted March 10, 2023

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TechCrunch @TechCrunch

At the same time, some of SVB's customers were struggling to transfer funds out of their bank accounts https://t.co/7guswCXwb8 — PolitiTweet.org

Posted March 10, 2023