Silicon Valley Bank’s Collapse Causes Strain for Young Companies – The New York Times

Having worked in the banking sector and having seen up-close how tightly regulated the industry is, I’m somewhat surprised that this sort of thing can happen at a retail bank. On Friday, Roku, the TV streaming company, said in a filing that roughly $487 million of its $1.9 billion in cash was tied up with… Read More Silicon Valley Bank’s Collapse Causes Strain for Young Companies – The New York Times

California breaks from 50-state probe into mortgage lenders [Updated] – latimes.com

California Atty. Gen. Kamala Harris will no longer take part in a national foreclosure probe of some of the nation’s biggest banks, which are accused of pervasive misconduct in dealing with troubled homeowners. Harris removed herself from talks by a coalition of state attorneys general and federal agencies investigating abusive foreclosure practices because the nation’s… Read More California breaks from 50-state probe into mortgage lenders [Updated] – latimes.com

Apple-Google Squabble Spreads to LA

The Chiat/Day relationship with Steve Jobs and Apple is nothing short of legendary. That legend goes something like this: Chiat was hired by Apple to create the (also legendary) Ridley Scott-directed, $1 million, only-aired-once-cause-it’s-so-goddamn-special 1984 commercial that introduced the Macintosh line of computers during the Super Bowl. When Jobs was forced out of left Apple, he used… Read More Apple-Google Squabble Spreads to LA