The End of Faking It in Silicon Valley

NYT via SF Gate ^ | 4/17/2023 | By Erin Griffith

[montag813]

Fake it till you make it used to be the operating principle, to the point of being tech community credo. That was when you were trying to ship software or hardware out the door that you knew was buggy but could be fixed in time.

Mark Cuban did exactly this, but never fixed the "bugs." He sold Broadcast.com to Yahoo (when their stock price was near $400) for billions, and I spoke with the Yahoo Dallas SVP tasked with integrating it back in 2000. He said it was useless and unworkable and Yahoo shuttered it 6 months later - an event that started the stock's downfall. Cuban is a total fraud. All his subsequent startups have failed, including one HDTV channel in which he ridiculously brought on another fraudster, Dan Rather as head of "news."

[Varsity Flight]

https://www.thewealthadvisor.com/article/charlie-javice-says-jamie-dimon-took-personal-interest-her-175-million-acquisition

2008 Bailout

SVB Bailout

Trading Collars

PWG on Financial Markets

[Nervous Tick]

>> That appears to be a federal building

The photo at the link has a caption:

“Charlie Javice leaves Manhattan federal court, Tuesday, April 4, 2023, after signing a $2-million bond to remain free on charges that she duped J.P. Morgan Chase with fake records to acquire Frank, her student loan assistance startup company, for $175-million.”

[minnesota_bound]

Old Twitter and Facebook and Google all are stock fraudsters.