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Online Bank Chime’s Customers Can’t Get Cash During Outage

By Chris Noble
· · Source: Bloomberg

Chime, an online banking startup with about five million customers, has been suffering an outage over the last day that has made it impossible for those customers to get hold of their money. According to this article from Bloomberg, the outage initially disabled the bank’s debit cards, too, leaving customers stranded. The debit cards were working again, the article says, but the company’s...

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Exclusive COVID-19 Venture Capital
Silicon Valley Bank Struggles as Startups Rush for Government Loans
By Kate Clark · April 9, 2020 11:01 AM PDT

As the first set of entrepreneurs learned they would receive emergency loans administered through the federal Small Business Administration, many of those who had applied through Silicon Valley Bank were stuck trying to deal with glitches in the application process.

The tech-focused bank had processed close to 5,000 applications to the SBA’s Paycheck Protection Program by Tuesday evening, ...

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Layoffs Hit Yelp as Local Businesses Struggle
By Ashley Gold · April 9, 2020
Microsoft Says Teams Video Usage Growing Amid Pandemic
By Kevin McLaughlin · April 9, 2020
Google Classroom Doubles Active Users
By Nick Bastone · April 9, 2020
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