monetaryvirus

I was referring to this part:

The rumor is that it had planned the downsizing for a while, wanted the employees to be in the office to hear about it in person, and didn’t care how much risk it had to expose the soon-to-be-ex-employees to in order to make it happen.

i.e. making them come in to the office for the layoff notice, after it was known the public needs to social-distance and minimize gatherings.

That part is still bad, and it's not retracted, nor does Triplebyte dispute making them come in to the office to be informed of the layoffs.

In any case, it would be nice if he updated the original post with a link to the retraction, otherwise people won't see any unringing of the bell when they go back to that link.

According to SlateStarCodex, Triplebyte (YC '15) ignored the stay-at-home warnings about the virus and had employees come in to the office to get their notice of layoffs:

https://slatestarcodex.com/2020/03/19/coronalinks-3-19-20/

If there are actual, viable ventures right now, given the new conditions, then their lenders' investment probably doesn't hinge on whether the Fed is slightly more lose with credit than the ultra-loose policy it's had for the past year.

How is that supposed to work? I can understand if this were a normal cyclical pullback, but this isn't a normal times; there is actual economic destruction wrought by a real (non-monetary) shock to supply. In order to believe this helps, you have to imagine it happening by this mechanism:

"Can you lend to our business that's not allowed to operate and probably won't pay you back?"

'lol no. ... wait, I just got off the phone with our credit line. We can borrow at 3% instead of 3.25%. What's your business model again?'