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Meta: Worker says Zuckerberg hired people to do nothing

Silicon Valley VC Keith Rabois of the so-called PayPal Mafia told a banking event earlier this month that Big Tech companies like Meta and Google had hired thousands of people to do “fake work” to hit hiring metrics out of “vanity”—and…

The $42 billion SVB run looks like 1929 to Elon Musk

It took about 36 hours from when rumors on Twitter started about Silicon Valley Bank’s troubles to when the bank was ultimately shuttered on Friday. Tech investors used Twitter to warn startups to withdraw their money from SVB, as the…