Depositors would be first in line but they would be covered up to $250,000 by the FDIC.
Posts by midcapwarrior
264 publicly visible posts • joined 5 Aug 2010
A Kansas pig butchering: CEO who defrauded bank, church, friends gets 24 years
After contentious Amazon datacenter fight, US county says it has learned a lesson
Indian govt probes claims Foxconn won't hire married women
Microsoft posts another set of bumper results. Market's response? Meh
Tesla owners in deep freeze discover the cold, hard truth about EVs
Going green Hertz: Rental giant axes third of EV fleet over lack of demand
Musk floats idea of boat mod for Cybertruck
Remembering the time Windows accidentally sent Poland to the bottom of the sea
Fired OpenAI boss Sam Altman may join Microsoft
Re: And the latest news …
A significant number of the employees were not happy that they created a for profit part of the company.
Some true believers thinking there work was for the altruistic and for the betterment of mankind and not to get rich.
Not something I understand but then I don't understand FOSS either.
Smart move by Satya
Seems like a brilliant move by Satya.
For better or worse the near term stock price is tied to ChatGPT.
Kept the leadership in the Microsoft orbit and still has connections to Open AI.
Stock was down as much as $10 after the initial dismissal and now is up in the pre-market.
That's why he's the CEO.
IBM pauses advertising on X after ads show up next to antisemitic content
maybe he is a genius
The bank consortium that loaned the money to purchase twiitter have not been able to off load the loans even with significant discounts.
Perhaps he's driving the value of the loans to a level that he can buy them on the cheap.
Then refinance the loans and make a significant net profit.
Genius move.
Mid-contract telco price hikes must end, Ofcom told
Not sure I understand the customer expectations
"Some 85 percent of customers think mid-contract price rises are unfair, and 87 percent believe they should be allowed to ditch their provider if they raise their prices mid-contract, according to a survey conducted for Uswitch by research agency Opinium."
Curious that these both would not be 100%
Linux has nearly half of the desktop OS Linux market
Here's a fun idea: Try to unlock and drive away in someone else's Tesla
Twitter rewards remaining loyal staff by decimating them
maybe musk is following the trump playbook
Not exactly the same but trump borrowed millions to buy casinos, an airline, hotels....
He ultimately walked away pretty cleanly when he went through his seven bankruptcies.
When you are a regular guy borrowing and going broke can ruin you.
When you are rich, not so much.
Microsoft axes 10,000, already breaking bad news to staff
Microsoft to offer unlimited time off for US staff
G7 countries beat UK in worldwide broadband speed test again
Interesting looking at the bottom country speeds
Not surprised by the countries but the speeds are so low I'm not sure they are broadband.
"The five countries in the world with the slowest network speeds are Turkmenistan (0.77Mbps), the Democratic Republic of Timor-Leste (0.94Mbps),Yemen (0.97Mbps), Guinea-Bissau (0.98Mbps) and Afghanistan (0.98Mbps). "
My Big Coin founder is – you guessed it – a $6m crypto-fraudster
Supply chain blamed amid claims of Azure capacity issues
China's blockchain boosters slam crypto as Ponzi scheme
Re: Ponzi scheme?
"Cryptocurrency exchange CoinFlex on Tuesday issued a new token to raise funds in a bid to restart withdrawals for its customers, after one client failed to repay a massive debt.
CoinFlex said it would issue $47 million worth of a digital coin, offering 20% interest, which it’s calling Recovery Value USD, or rvUSD."
CNBC.com
Seems like they are looking for revenue from new to pay off old investors. Pretty Ponziesque.
Canadian teen nabbed in $36.5m crypto heist – possibly the biggest haul yet by a single individual
Three things that have vanished: $3.6bn in Bitcoin, a crypto investment biz, and the two brothers who ran it
Re: $10 million
You could buy an annuity that would easily generate twice that amount per month. There are stable REITs that would provide triple that return monthly.
Maybe you don't live like a king but you can certainly make enough to never work again.
Maybe not London or New York but plenty of places in the world.
'It's where the industry is heading': LibreOffice team working on WebAssembly port
Biden projected to be the next US President, Microsoft joins rest of world in telling Trump: It looks like... you're fired
Apple gives Boot Camp the boot, banishes native Windows support from Arm-compatible Macs
Re: Hackintosh?
A few years ago IBM made statements about switching to Mac's from PCs and the cost savings involved. It's an IBM announcement at an apple conference so take it with a grain of salt: https://www.computerworld.com/article/3131906/ibm-says-macs-are-even-cheaper-to-run-than-it-thought.html
Wakey-wakey! A quarter of IT pros only get 3-4 hours' kip – and you won't believe what's being touted as the 'solution'
Iran military manages to keep a straight face while waggling miracle widget that 'can detect coronavirus from 100m away'
Trivial backdoor found in firmware for Chinese-built net-connected video recorders
ICANN extracts $20m signing fee for $1bn dot-com price increases – and guess who's going to pay for it?
Re: "justified by comparing the company to top-ranking law firms"
..
"So how do we, the people, get the IRS to review ICANN's status?"
".and had decided to lift a price freeze imposed by the Obama Administration."
Short answer is to wait for this years election and have regime change, otherwise it ain't happening.
Gas-guzzling Americans continue to shun electric vehicles as sales fail to bother US car market
UK Home Office: We will register thousands of deactivated firearms with no database
Kiss my ASCII, Microsoft – we've got one million fewer daily active users than you, boasts Slack
MacOS wakes to a bright Catalina sunrise – and broken Adobe apps
Silly money: Before you chuck your chequebook away, triple-check that super-handy digital coin
then spend big at 7-Eleven
"it didn't take a criminal mastermind to divert accounts, empty their contents, then spend big at 7-Eleven."
7-11 must be different in Japan then the US.
Other than a 6 pack it's hard to find anything that costs more than 10.
You'd need to empty the store to spend more than 1000.
Firm fat-fingered G Suite and deleted its data, so it escalated its support ticket to a lawsuit
Re: So...
The service provides an option for backups.
It's not free but it's an option.
The problem is they deleted their master account which would include whatever back up service they were using.
Most cloud providers make you step through multiple steps to delete an enterprise account up to and including multi factor validation.
Not sure how Google would win in this situation, ignore the delete request and be nailed for not deleting.
Except the delete request and be nailed for accepting the request.
IBM wafts stat minimum redundo terms under noses of Global Tech Services staff
IT pro screwed out of unused vacation pay, bonus by HPE after judge rules: The law is a mess but it's still the law
Highest incareration rate depends on how you measure
In China and some other countries, however, data limitations make direct comparisons with the U.S. tricky. The World Prison Brief notes, for instance, that China’s total excludes inmates being held in “administrative detention” – a type of confinement that may house more than 650,000 additional people. Adding an additional 650,000 inmates to China’s total would place it ahead of the U.S. in terms of total incarcerated population.
https://www.pewresearch.org/fact-tank/2018/05/02/americas-incarceration-rate-is-at-a-two-decade-low/
Pushed around and kicked around, always a lonely boy: Run Huawei, Google Play, turns away, from Huawei... turns away
Key to success: Tenants finally get physical keys after suing landlords for fitting Bluetooth smart-lock to front door
What a meth: Elderly Melbourne couple sign for 20kg shipment of drugs, say cops
Bitcoin drops 7 per cent on New York Attorney General's allegations of $850m fraud by Bitfinex
Re: International Bank of Villainy
"But $100m debt is not worth $100m in most situations, because of risk."
It most cases it's possible to hedge or insure that risk with a third party effectively significantly reducing that risk.
I'm not aware of any method of offloading bit coin risk in this way.