Tag: peter
Peter Usborne: The Man Behind Iconic Paranormal Book Series Dies Aged 85
SNP chief executive Peter Murrell resigns over membership row
Peter Thiel Says $50M of His Own Money Was Temporarily Frozen When SVB Failed
Firm founder Peter Thiel was not part of the conversation. One source says that the assumption was that they’d return the money to SVB after the crisis had ended….
Founders Fund wasn’t the only venture capital firm giving this sort of warning to portfolio companies, nor necessarily the first, but word of its advice spread like wildfire (it also ended up in media reports, including one from Axios). Almost immediately, the firm came under withering criticism from some other venture capitalists, accusing Founders Fund (and Thiel personally) of sparking a bank run that ultimately led to $42 billion in withdrawals. Some even speculated that it was intentional, as payback for some unknown grudge between the two groups.
Earlier this week the Washington Examiner chronicled some of that criticism:
“There should be more scrutiny of Peter Thiel and [hedge fund manager] Bill Ackman for yelling fire in a crowded theater in this SVB collapse,” tweeted CNBC host Sara Eisen [on Monday]. Others turned their focus to Thiel’s promotion and subsequent profiting off of crypto investments after the market crashed as a reason to be suspicious of his withdrawals. “You mean the guy who was touting crypto and trashing critics while he was selling crypto? That guy? Shocker!” tweeted tech journalist Kara Swisher.
But Peter Thiel says he actually left his own money in the bank, reports Business Insider:
“I had $50 million of my own money stuck in SVB,” he told the Financial Times…. Thiel told the Financial Times that he did not believe the SVB would fail last week.
Other venture capital firms — including Coatue Management, Union Square Ventures, and Founder Collective — had similarly advised startup clients to transfer money from SVB after the bank revealed a $1.8 billion loss and the bank’s share price collapsed. These firms have pushed back against accusations that they were spreading panic, saying that they were giving financial advice they believed would be in the best interest of their clients….
Thiel told the Financial Times that his account was frozen on Friday when regulators stepped in and took control of the bank. However, it is once again accessible after the US government stepped in earlier this week and shored up all customer deposits in SVB.
Read more of this story at Slashdot.
New On Disney Plus In April 2023: The Mandalorian Season 3 Finale, Peter Pan & Wendy
April is fast approaching, and Disney+ is getting ready to release an array of exciting new content. Viewers can expect a mix of shows and movies, with some titles available as early as April 1, and others coming later in the month.
On April 19, Season 3 of The Mandalorian comes to a close. The Mandalorian Din Djarin (Pedro Pascal) has been reunited with Grogu, as we saw from the events of The Book of Boba Fett. The Mandalorian will find himself with old allies while making new enemies as he and Grogu continue their journey together throughout the galaxy. (This last season has also had a couple of great deep-cut Star Wars Easter eggs, so here’s hoping the finale will continue that trend.)
On April 28, a new take on an old classic comes to Disney+. Peter Pan & Wendy is a live-action reimagining of the J.M. Barrie novel and 1953 animated movie, directed by David Lowery (The Green Knight, Pete’s Dragon). This original film follows Wendy Darling, a young girl afraid to leave her childhood home, who meets Peter Pan, a boy who refuses to grow up. The cast includes Jude Law, Alexander Molony, Ever Anderson, Yara Shahidi, Alyssa Wapanatâhk, Joshua Pickering, Jacobi Jupe, Molly Parker, Alan Tudyk, and Jim Gaffigan. The film is produced by Jim Whitaker, with executive producers Adam Borba, Thomas M. Hammel, and Toby Halbrooks, who also co-wrote the screenplay with David Lowery.
Song of the Day: Peter One – Birds Go Die Out Of Sight (Don’t Go Home)
“I may just keep going…” Peter Gabriel interviewed
Gabriel speaks exclusively to Uncut about i/o – his first album of new music for 20 years
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Peter Gabriel’s new track and Uncut world exclusive interview revealed!
Listen to “Playing For Time” and find out more about our world exclusive interview
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The new Uncut: Peter Gabriel world exclusive, The Band, The Beatles, David Berman and more
Plus Rickie Lee Jones, Baaba Maal, a free 15-track CD and much more
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