{"id":1899820,"date":"2023-03-16T19:13:01","date_gmt":"2023-03-16T23:13:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/buzzfeed-transfers-most-of-its-cash-out-of-crisis-hit-svb\/"},"modified":"2023-03-16T19:15:16","modified_gmt":"2023-03-16T23:15:16","slug":"buzzfeed-transfers-most-of-its-cash-out-of-crisis-hit-svb","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/buzzfeed-transfers-most-of-its-cash-out-of-crisis-hit-svb\/","title":{"rendered":"BuzzFeed transfers most of its cash out of crisis-hit SVB"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbuzzfeed-transfers-most-of-its-cash-out-of-crisis-hit-svb%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1899820&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <br \/>\n<?xml encoding=\"utf-8\" ?><\/p>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013     BuzzFeed Inc said on Thursday it had moved most of its cash from Silicon Valley Bank to other financial institutions, days after the digital media firm&#8217;s stock slumped on news of its exposure to the troubled bank.<\/p>\n<p>Since Monday&#8217;s announcement by the company that $56 million in cash and equivalents was held at the bank, its shares have fallen 11%. The collapse of the bank sent shockwaves through global financial markets.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>BuzzFeed stock dropped 4% during after-market trading Thursday.<\/p>\n<p>Despite the fact that all SVB depositors have been guaranteed access by the U.S. Federal Deposit Insurance Corporation, (FDIC), the company decided to move its money.    <\/p>\n<p>BuzzFeed stated that it didn&#8217;t anticipate any disruptions to its ongoing operations.<\/p>\n<\/p>\n<p> (Reporting by Eva Mathews, Bengaluru; Editing By Devika Syamnath<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Teachers from the second-largest school district in the country say that if they aren&#8217;t satisfied, they will strike for three days.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>New data reveals shocking numbers about the number of New York Police Officers who have left since the beginning the new year. <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The Department of Justice files a suit against Rite Aid, alleging the drug store filled\u00a0fraudulent subscriptions of opioid drugs and violating the Controlled Substances Act.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Both the FBI, and the State Department failed to meet the deadline to turn over documents about the origins COVID to the House panel.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By David Shepardson WASHINGTON (Reuters) -The chair of a U.S. House of Representatives panel wants TikTok CEO Shou Zi Chew to address\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Muvija M and Kylie MacLellan LONDON (Reuters) \u2013 Britain said on Thursday it would ban TikTok on government phones with immediate\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>(Reuters) \u2013 The U.S. Federal Trade Commission (FTC) on Thursday issued orders to eight social media and video streaming firms including Meta\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Jeffrey Dastin (Reuters) -Microsoft Corp on Thursday trumpeted its latest plans to put artificial intelligence into the hands of more users,\u2026 <\/p>\n<\/p><\/div>\n<p><\/p>\n<hr>\n<p>&#8220;From <a href=\"https:\/\/www.oann.com\/business\/buzzfeed-transfers-most-of\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=buzzfeed-transfers-most-of\">BuzzFeed transfers the majority of its cash to SVB, which was hit by crisis.<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) \u2013 BuzzFeed Inc said on Thursday it had moved most of its cash from Silicon Valley Bank to other financial institutions, days after the digital media firm\u2019s stock slumped on news of its exposure to the troubled bank. Its shares have lost roughly 11% since the company said on Monday that most of its<\/p>\n","protected":false},"author":66,"featured_media":1899821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[16613,4119,21955,21356,21445],"class_list":["post-1899820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-buzzfeed","tag-cash","tag-crisis-hit","tag-svb","tag-transfers"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1899820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1899820"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1899820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1899821"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1899820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1899820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1899820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}