Cracks here and there (lemmy.whynotdrs.org)

submitted 1 year ago by [email protected] to c/[email protected]

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First logged in post here. For those who don't know, the fediverse apps are connected, so people can read from and reply to here from their Mastodon account.

In this past week, I noticed seemingly unrelated news stories here and there,.

Like how Schwab is doing major office consolidation and closing offices in, IIRC, 6 cities, incl. Atlanta. Just reported breezily like it reflected sage-like biz decisions and not unadulterated panic from a covertly busted financial firm.

And...

3 top officers of Sequoia Capital departed in the last month, 2 this week.

Just normal goings-on.

Neither mentioned over on the sinking sub.

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[-] [email protected] 10 points 1 year ago

More about Sequoia, funny how most of the articles are paywalled... https://www.cryptopolitan.com/sequoia-capital-partners-mark-transformation/

Well, as the Washington Post points out, "Democracy dies behind a paywall"...or something like that.

Funny how any usable info is hul8dden and/or locked away. Makes one wonder about all the " free" stuff. Whole broadcast networks giving away free info out there.

Quote from article...

Challenges and Departures Amidst Reputational Damage

Sequoia Capital, known for its remarkable returns since its inception in 1972, has recently faced challenges and reputational damage due to its involvement with FTX, a cryptocurrency exchange that collapsed, resulting in a loss of $214 million from Sequoia’s global growth fund. This setback has led to the departure of key partners, including Mike Vernal, Michelle Fradin, Kais Khimji, and Daniel Chen.

this post was submitted on 22 Jul 2023

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