Shopify’s chief technology officer, Allan Leinwand, is departing the company after less than a year-and-a-half tenure, adding to a string of executive exits at the e-commerce software giant. Leinwand, who joined Shopify in October 2021 from Slack, is the third C-level executive to leave the company in less than six months. Former chief operating officer Toby Shannan stepped down from his role...
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Fintech’s Big Wakeup Call
Fintechs were supposed to transform banking by making it dead simple for users to open savings accounts or pay their bills. But a series of recent high-profile setbacks with both fintechs and the traditional banking sector is setting off alarm bells. This month’s series of bank collapses has shined a spotlight on the health of small banks, typically a behind-the-scenes partner of...
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Heated Reaction in China to TikTok CEO’s U.S. Testimony
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The Instant Oral History of the Silicon Valley Bank Collapse
On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.
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