Friday, May 24, 2024

Fintech Implodes, Sponsor Goes to Washington

Synapse, the largest regulated banking as a service platform, declared bankruptcy.  Andreessen Horowitz fostered Synapse before it grew large enough to harm millions of people.

While Synapse continues failing to fire, Andressen Horowitz is taking bold action.  The firm is opening a Washington, D.C office.  There's damage control to be done and federal backstops to garner.  It's the PEU way.  
Update 6-12-24:  WallStreetonParade  showed how Marc Andreessen and company have distorted our political system for their evil ends.