Thank you to the Qualtrics team and our customers and partners for a fantastic week. After X4 that commitment is stronger than ever. One of the things I’m most proud of about our team in Southeast Asia is our deep commitment to help our customers find value in their investments and design an experience management program that’s right for them. Companies like AMEX, Yum! Brands, UPS, Delta Airlines and Intermountain Healthcare demonstrated how they are achieving proven outcomes with Qualtrics, and we showed how we are bringing new innovations to the platform to help frontline teams understand what’s going on at every stage of the journey, at every frontline touchpoint - without ever having to ask. Listening to the countless customer stories at the event - including from the fantastic Yvonne Lau at DBS - I felt even more excited for the journey ahead for Qualtrics in Southeast Asia. It was an absolute pleasure and privilege to spend last week at the Qualtrics X4 Summit alongside our customers, partners, and 10,000 XM professionals. Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis Given their dominance of the market, the only question at this point is: what happens next? As all eyes will be glued to this story next week and there is certainly a dark cloud tech today as this banking crisis continues to unfold. bank with relationships with more than 50% of U.S. ![]() To put this all into context, “SVB touches every corner of the private markets” and is considered a top 20 U.S. Then, just as we were about to go to print, the shocking news hit that SVB has been shut down by the Federal Deposit Insurance Corporation (FDIC) in order to protect insured deposits. ![]() Read more analysis on the backstory here.Įarlier this morning, news broke that fundraising efforts failed and that SVB was seeking a potential buyer. Yesterday, panic first swept across the startup and VC ecosystem as shares of tech-startup bank Silicon Valley Bank (SVB) plunged by more than 60% after the company announced plans to raise more than $2B in capital to help offset losses on bond sales.
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