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Notoriously smart risk-takers missed a huge threat under their own noses, while avowed libertarians begged for government help.When SVB collapsed, entrepreneurs who feared losing everything spent nerve-wracking days crafting backup plans, seeking new funds, and pleading with politicians.How an idealistic community for exchanging free stuff tried to break away from Facebook, and ended up breaking apart.A surprising number of industries, from embroidery to aviation, still use floppy disks.
Pro-Russia groups are gaming Facebook’s review process, and moderators are stuck in the middle.Founders and investors say the bank opened doors—and offered perks—no other bank would. Now companies may face a funding gap.The collapse of crypto-friendly Silvergate and Signature Bank has left the industry scrambling to find anyone willing to work with them.WIRED is where tomorrow is realized. It is the essential source of information and ideas that make sense of a world in constant transformation.
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