This episode is brought to you by Chef Station.

You know folks, I'm all about working smarter, not harder.

Running a successful e-commerce business can be really convoluted and honestly you have enough going on so I want to introduce you guys to ship station.

I love using ship station because it makes it so

much easier to automate all my shipping tasks and I can manage all my orders in one

simple dashboard. Work less and ship more with Ship Station, the innovative tool that helps turn your

shipping challenges into opportunities for growth. Go to shipstation.com and use code

tech news to sign up for your free 60 day trial that's ship

station dot com code tech news this is tech crunch

here's your Daily Crunch. Your Daily Crunch.

Shares of First Republic Bank plunged by nearly 50% Friday, ratcheting pressure on the

troubled bank, and adding to its mounting market confidence

woes.

As of noon, eastern time, the stock was trading at $3.72, down 40 percent from Thursday's

close of $6.19 after having dropped as low as $3 at one point Friday.

Before the Silicon Valley Bank collapse in early March, First Republic Bank's shares were trading at $115, so the current price represents a

massive drop.

It is also trading significantly lower than its 52-week high of $171.9.

After the failure of Tech Friendly Silicon Valley Bank,

an open question was whether other banks with related clientele

would suffer a similar fate.

While S. V.. was busy imploding,

...