Silicon Valley Bank collapses in biggest American bank failure since 2008 financial crisis

Silicon Valley Bank failed on Friday after a massive run on deposits, putting almost $175 billion, including money from some of the biggest tech companies, under the control of the FDIC (Federal Deposit Insurance Corporation). The bank had been a significant venture capital funding source for technology companies, the New... Read Entire Article
https://www.techspot.com/news/97897-silicon-valley-bank-collapses-biggest-american-bank-failure.html?utm_source=dlvr.it&utm_medium=blogger

Apple expected to lose 6 million iPhone 14 Pros as disruption at Foxconn plant continues

Foxconn's facility manufactures the overwhelming majority of iPhone 14 Pro and Pro Max devices. Operations were disrupted in mid-October following a Covid outbreak that put the factory and its 200,000 workers into a "closed loop" lockdown. https://www.techspot.com/news/96782-apple-expected-lose-6-million-iphone-14-pros.html?utm_source=dlvr.it&utm_medium=blogger

Tencent wins with merger of China's game streaming giants Huya and DouYu

Tencent currently has stakes in both Huya and DouYu and will have approximately 68 percent combined voting shares once the new firm is formed. Post-merger, Huya and DouYu shareholders will get fully diluted shares of the combined companies, with DouYu’s Chen Shaojie and Huya CEO Dong Rongjie becoming co-CEOs once... https://www.techspot.com/news/87078-tencent-wins-merger-china-game-streaming-giants-huya.html?utm_source=dlvr.it&utm_medium=blogger

Epic is celebrating Sonic's 30th anniversary with a free copy of Sonic Mania

The platformer launched in the summer of 2017 as a love letter to the original Sonic games from the Sega Genesis era. It features classic gameplay with pixel-perfect 2D graphics that run at a buttery smooth 60 frames per second. https://www.techspot.com/news/90201-grab-free-copy-sonic-mania-epic-games-store.html?utm_source=dlvr.it&utm_medium=blogger

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