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Message

Payroll company Rippling currently unable to provide funds to customers (svb related)
Posted on 3/12/23 at 12:37 pm
Posted on 3/12/23 at 12:37 pm
quote:
The payroll contagion is already underway. Many companies have funded mid month payroll through a company called @Rippling
who banked with SVB. Company funded payroll, money left company to SVB via Rippling, now that money is locked up.
LINK
Posted on 3/12/23 at 12:38 pm to HailHailtoMichigan!
Well that sucks.
Posted on 3/12/23 at 12:39 pm to HailHailtoMichigan!
Sounds like a rippling effect
Posted on 3/12/23 at 12:42 pm to HailHailtoMichigan!
I saw Roku had 500M in uninsured money in SVB.
Posted on 3/12/23 at 1:36 pm to HailHailtoMichigan!
The financial system in this country is an overly inflated bubble that started when we were taken off of the gold standard. The practice of robbing Peter to pay Paul has reached it's limit.
The gig is up.
The gig is up.
Posted on 3/12/23 at 1:39 pm to SuperSaint
quote:
Sounds like a rippling effect

Posted on 3/12/23 at 1:41 pm to bamarep
quote:The practice of allowing free reign to a well-connected web of idiot executives is no where near its limit, though.
The practice of robbing Peter to pay Paul has reached it's limit.
Posted on 3/12/23 at 1:49 pm to HailHailtoMichigan!
Yeah but look on the bright side. It’s been over two years since there have been any mean tweets.
Posted on 3/12/23 at 1:54 pm to HailHailtoMichigan!
I was told that Patriot payroll service direct deposits were held up by SVB. Also several vendor payment companies.
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