Startups scramble to meet up with payroll, fork out bills following SVB’s swift collapse

Key Points

Tech firms that held deposits at SVB are thinking when they’re going to be capable to pay back workers and their charges immediately after the bank’s collapsed.
The FDIC was named the receiver of Silicon Valley Lender on Friday following the bank was closed by California regulators.
“The variety one particular concern is, ‘How do you make payroll in the next few times?'” claimed Ryan Gilbert, founder of undertaking organization Launchpad Cash.

Supply

Finance

Stocks making the biggest moves premarket: McDonald’s, Snap, Super Micro, Opendoor, Disney and more

August 6, 2025

Check out the companies making headlines in premarket trading. McDonald’s — Shares of the fast food giant gained more than 4% after second-quarter results surpassed analyst estimates. McDonald’s earned $3.19 per share after adjustments on revenue of $6.84 billion. Analysts polled by LSEG were looking for a profit of $3.15 per share and revenue of […]

Finance

Opendoor tanks after earnings as CEO thanks new investors for ‘increased visibility’

August 5, 2025

Key Points After a massive rally in July and early August, Opendoor hit a snag on Tuesday with a disappointing outlook. CEO Carrie Wheeler thanked new investors on the earnings call, and said “We appreciate your enthusiasm for what we’re building, and we’re listening intently to your feedback.” The company said it expects to face […]

Finance

Stocks making the biggest moves after hours: Snap, Rivian, AMD, Super Micro, Arista Networks and more

August 5, 2025

Check out the companies making headlines in extended trading. Snap — The social media platform plunged 14% after missing revenue expectations for the second quarter. Snap said it recorded $1.34 billion, slightly under the consensus forecast of $1.35 billion from analysts polled by LSEG. Rivian Automotive — The electric vehicle company dropped more than 3% […]