Virgin Orbit Plummets Over 30% After Furloughing Majority of Staff, Enters ‘Operational Pause’
The satellite launch company is a part of the Virgin Group.
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Everything you need to get caught up on the SVB crisis
A lot has happened with SVB, and unless it’s your job to edit the news, it’s possible you missed a slice of the saga, if not the entire story. Here’s what went down.
Everything you need to get caught up on the SVB crisis by Ram Iyer originally published on TechCrunch
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Virgin Orbit pauses operations for a week to conduct a search for cash
Virgin Orbit is halting all operations for a week to save money while it “conducts discussions with potential funding sources and explores strategic opportunities,” the company announced in an SEC filing. The company has been struggling financially and a recent launch failure clearly exacerbated those issues. The January launch was accompanied by much fanfare, as […]
Virgin Orbit pauses operations for a week to conduct a search for cash by Devin Coldewey originally published on TechCrunch
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Virgin Orbit Plummets Over 30% After Furloughing Majority of Staff, Enters ‘Operational Pause’
The aircraft engineering company is a part of the Virgin Group.
Artifact co-founder Kevin Systrom on the SVB crisis, its further impacts and future of tech
Artifact, the new personalized news app from Instagram’s co-founders, is another startup whose funding was caught up in the Silicon Valley Bank failure, and co-founder Kevin Systrom believes there could be more trouble to come for Silicon Valley. The founder disclosed in a recent interview the team had 100% of Artifact’s funds at SVB prior […]
Artifact co-founder Kevin Systrom on the SVB crisis, its further impacts and future of tech by Sarah Perez originally published on TechCrunch