With the credit squeeze tightening, start-ups in Silicon Valley (and elsewhere) are starting to feel the pinch, and dire predictions for the industry are circulating:
Daily Archives: October 4, 2008
Congress Passes Bailout Bill
From CluserStock.com, Oct. 3, 2008:The Bailout Bill was passed by the House of Representatives this afternoon when the “Aye” votes passed the 218 votes the bill needed. After a last minute panic over a possible fracturing of the Republican caucu
Did Employees Predict the Financial Crisis?
When we first told you about Glassdoor.com, we focused on all the anonymous salary information the new site was collecting from employees around the world. But it also collects unvarnished feelings about the way companies are being run, and confidence lev
All Bets Are Off: Govt. Rule Changes Driving Big Money Away
With fear on the rise in the past week, hedge fund manager Howard Lindzon was keeping his cash position high but started buying some of his “favorite companies” like Apple, Amazon.com, and Google. He also bought some gold and a Russia ETF.
Apple Denies Steve Jobs Heart Attack Report: It Is Not True
From Silicon Alley Insider, Oct. 3, 2008: “Citizen journalism” apparently just failed its first significant
test. A CNN iReport poster reported this morning that Steve Jobs had
been rushed to the ER after a severe heart attack. For
Wells Fargo Rides to Wachovia’s Rescue, Citi Left Out in the Cold
A most unexpected and confidence-boosting turn of events occurred Friday morning when Wells Fargo offered $15.4 billion to acquire Wachovia.Most remarkably, the Wells Fargo deal is not contingent on a government backstop, as was
House Faces Stark Choice: Pork-Laden Bailout vs. Complete Meltdown
Updated from 10:40 a.m. EDT Later today the House is slated to vote on the $700 billion bailout bill that became an $850 billion bailout-tax break-pork bill in the Senate. …
Break the Glass: So Far, ‘Rescue Plan’ Short on Rescue, Plan
A few months ago, “Is it safe?” was the question many investors were asking. As in, is it safe to get back into the market?After Thursday’s rout, many are asking: “Is anything safe?”News of the Senate’s passage of a