4 ms·

I just saw recent footage of 40-50 people standing in line outside an SVB branch waiting for service (withdrawals most likely). I would surmise that the news s

I just saw recent footage of 40-50 people standing in line outside an SVB branch waiting for service (withdrawals most likely). I would surmise that the news spread fast among the tech demographic the bank services and the run is really bad.

toufka 4y ago
And in this case, tech savy individuals are willing to send $XXM in 6 clicks, 3min after getting a slack message. That's a pretty quick kind of run relative to old-school 'stand in line for your personal life savings' kind of run.